MoneyWorks4Me

Thinksoft Global plans Rs 15-30 crore acquisition

08 Jun 2011 Evaluate

Financial Software testing pioneers Thinksoft Global Services, has decided to explore, during the course of this financial year, in-organic growth options through right sized acquisitions in the range of Rs 15-30 crore, primarily funded through its internal cash accruals.

The target companies, either India based or otherwise, would have to be of strategic value to Thinksoft either in terms extending markets or adding new geographies and/or bringing new offerings/expertise/ specialization/IP to the table.

This decision has been based on business environment scanning and also monitoring and assessment of the relevant market and technology trends worldwide, vis-s-vis the company’s own strengths and track record as a provider of expertise.

Thinksoft Global Services is a pure play software testing company, which specializes in helping Global Financial sector firms to significantly improve the quality of their applications, software and systems.

Peers
Company Name CMP
TCS 2101.00
Infosys 1050.15
HCL Technologies 1238.00
Wipro 166.00
Tech Mahindra 1530.70
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