MoneyWorks4Me

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 2116.50
Infosys 1044.70
HCL Technologies 1245.90
Wipro 163.65
Tech Mahindra 1540.35
View more..