Zensar Technologies Ltd.

Zensar Technologie has entered into a definitive agreement to acquire the business of Keystone Logic Solutions. In addition, Zensar Technologies Inc., a wholly owned subsidiary of Zensar Technologies will acquire Keystone Logic Inc., a wholly owned subsidiary company in Atlanta, US of Keystone Logic Solutions.

Under the terms of the agreements, Keystone Logic Inc. will be a wholly-owned subsidiary of Zensar Technologies Inc. and the business of Keystone Logic Solutions will become a part of Zensar Technologies on completion of the transaction. The deal will be financed by internal accruals, and will be EPS positive for the company.

Zensar Technologies operates as a software service company. It is engaged in software development, networking, e-commerce and systems integration services. It also provides consulting, collaboration services and business process outsourcing services.