Zensar Technologies Ltd.

Zensar Technologies is likely to acquire two companies in the area of SAP or an infrastructure management (IM) firm in the US and Europe for about $20-25 million in the next 9-12 months.

The company is also planning to set up its third special economic zone after Pune and Hyderabad next year. This time, the company is looking for a Tier-III city. It could be an SEZ or a development centre but not certainly in a big city.

The company net profit increased 71.87%, to Rs 35.01 crore in the third quarter ended December 31, 2011 compared with Rs 20.37 crore in the year-ago period. Net sales grew 26.86% to Rs 196.78 crore in the quarter under review as compared with Rs 155.12 crore in the same quarter last year.