Thursday, July 11, 2013

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Zensar in acquisition talks with two US firms

Outsourcing services provider Zensar Technologies is in acquisition talks with at least two US-based companies to boost its offerings in its largest export market.

A deal could cost Zensar between $20 million and $50 million, its chief executive officer, Ganesh Natarajan, said in a phone interview from the company's headquarters in Pune.

The Indian company, being advised by boutique financial advisory firm The Chesapeake Group, is talking to firms specializing in either managing large, complex computer networks or providing business software management consultancy, he said.

A possible acquisition could add 150-200 local staff in the computer networks area, or about 60-70 consultants specializing in the use of business management software from SAP, Natarajan said.

"We've been at it in the last four months... if we get the right fit, we can certainly do it during this year," he said.

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