Polaris Financial Technology has decided to invest $100 million to acquire two to three product companies in next four years, as it aims to double its current revenue within the period. It is also looking into identifying and divesting off of non-core assets from within this portfolio within the next 12months.
The company plans to fund acquisitions through contribution of leverage and the cash flows. It has begun the process through various initiatives including its collaboration with the Reserve Bank of India and other technology and service offerings including the cloud-based Financial Technology Grid.
