IT solutions provider Softpro Systems has acquired 100% equity stake in South Africa based Cura Risk Management software for $ 19 million in an all cash deal. The move is likely to help the Indian company grow six fold to over Rs 60 crore by the end of this fiscal.
“The acquisition is our first step towards the turnaround of our fledgling company. We hope to become a $ 200 million company in the next five years,” said G Bala Reddy, Chairman& Managing Director, SoftPro.
Tuesday, June 16, 2009
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