| Home
California Software planning expansion in Britain
India's News.Net
Sunday 31st August, 2008 (IANS)
Chennai-based software firm California Software Co Ltd (Calsoft) is planning acquisitions to ensure faster growth of its Oracle and Microsoft-based services in Britain.
The Rs.2.36 billion company earns 32 percent of its revenues from enterprise solutions business in Britain.
Calsoft has already identified a $60-million company operating in the Oracle space with a workforce of 300.
'We are in talks with that company. However, we are yet to give our intent in writing to that firm,' Calsoft president and chief executive Sam Santhosh told IANS.
According to him, Calsoft is negotiating with banks for loans before proceeding further on acquisitions. The company hopes to raise 50 percent of the proposed purchase price through bank loans.
Calsoft director Heather More said the firm was looking for companies with a headcount of 30-50, both in Britain and India.
'I had much hopes on that acquisition and spent more time to develop that business,' Santhosh said.
Meanwhile in Chennai, the company inaugurated its own centre, built at an outlay of Rs.7.5 million funded by Canara Bank.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Court issues notice as 2 claim they're being framed as terrorists
New Delhi, July 4 (IANS) The Delhi High Court has issued notice to Attorney General G.E. Vahanvati after two men arrested by the Delhi Police claimed they are innocent but are being framed as Al-Badr terrorists. [read story]
- Andhra panel proposes upper fee limit for private schools
Hyderabad, July 4 (IANS) Andhra Pradesh is now mulling fixing an upper limit on the fees charged by private schools. A panel constituted by the state government has recommended that private schools in urban areas should not charge more than Rs.24,000 per annum as tuition fee up to Class 5 and Rs.30,000 up to Class 10. [read story]
- Bihar town tense after man's death in police custody
Patna, July 4 (IANS) There was palpable tension in a town in Bihar's West Champaran district Saturday, a day after a suspected thief died in police custody, triggering violent protests as people demanded action against the police. [read story]
- Indian markets crawl as investors await budget
Mumbai, July 4 (IANS) Indian equities markets went up and down in volatile trading last week, but ended close to where they were a week ago, as investors waited anxiously for the budget to be unveiled Monday. A key index moved up from its previous weekly close, but only 1.01 percent. [read story]
- Andhra Pradesh fixes upper fee limit for private schools
Hyderabad, July 4 (IANS) A panel constituted by the Andhra Pradesh government has recommended that private schools in urban areas should not charge more than Rs.24,000 per annum as tuition fee up to Class 5 and Rs.30,000 up to Class 10. [read story]
|
|
 |
 |
|
|
