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Tuesday, August 7, 2007

Wipro strings largest IT deal for $600 mn

BANGALORE: There’s no stopping Wipro’s acquisition juggernaut. The Indian IT giant unveiled its biggest buyout to date, and the largest for the Indian IT industry.

Wipro Technologies has signed a definitive agreement to acquire the Nasdaq-listed Infocrossing for $18.70 per share, pegging the enterprise valuation of the IT infrastructure management services firm at $600 million, including $60-million debt, in an all-cash deal.

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1 comment:

Ganesh Srinivasan said...

Hi

when I click Read More, it says link not found, can you check that out

Ganesh Srinivasan