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Prism Informatics acquires 20.28% stake in Idhasoft

03 Apr 2012 Evaluate

Prism Informatics has acquired 20.28% stake in Idhasoft, an unlisted company. With Idhasoft having strong presence in US, the acquisition is expected to strengthen the position of combined entities globally.

The acquisition, will however required Prism to publish its financials including the financials of Idhasoft for the first quarter of 2012-13 beginning from April 1, 2012. Idhasoft has a current run of Rs 400 crore, in revenue and this acquisition will increase Prism revenue by almost 100%. It would enhance Prism brand presence and with better co-ordination the managements expect organic growth in both the companies.

Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.

Peers
Company Name CMP
TCS 2394.85
Infosys 1179.20
HCL Tech. 1198.60
Wipro 197.95
Tech Mahindra 1463.05
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