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8K Miles' arm inks definitive agreement to acquire Cornerstone

20 Dec 2016 Evaluate

8K Miles Software Services’ US-subsidiary 8K Miles Software Services, Inc. has entered into a definitive agreement to acquire Cornerstone Advisors Group, LLC. (Cornerstone), a leading US Healthcare Information Technology company, for $10.25 million inclusive of earn-out payments as a combination of cash and stock from the 8K Miles US-subsidiary. This acquisition is subject to customary closing conditions and is expected to close in quarter ending March 31, 2017.

8K Miles Software Services is a global Cloud & Security solutions company. It provides digital technology solutions - SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, enterprises etc.



Peers
Company Name CMP
TCS 2163.00
Infosys 1024.05
HCL Technologies 1214.30
Wipro 162.70
Tech Mahindra 1517.05
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