Mergers & Alliances: 2/7/09

ZYLOG LOOKS TO THE US, EUROPE FOR ACQUISITIONS
Mithun Roy, Chennai
The Economic Times

Zylog Systems is believed to be in talks with three companies in the US and Europe for acquisitions. According to people familiar with the development, the deal is in the range of $20-40 million and likely to be concluded over the next three months.

It was learnt that Zylog, which provides technology solutions to Wi-Fi businesses, had formed an mergers & acquisition team, which has identified these companies.

The company’s MD & COO, Ram Sesharathnam, confirmed that Zylog is looking at the possibility of acquiring companies, but declined to divulge further details citing non-disclosure agreements with these prospective targets. On Wednesday, Zylog shares ended 0.5 percent higher at Rs 196.10.

TRICOM IN STRATEGIC PARTNERSHIP WITH HLDL
Tushar Pawar, Mumbai/Nashik
Business Standard

Tricom Document Management, a 100 percent subsidiary of Tricom India Ltd, has entered into a strategic partnership with Hobs Legal Docs Ltd (HLDL).

Tricom Document Management is a specialist in electronic management solutions while HLDL provides reprographics and technology services to law firms and corporations in the UK, US and mainland Europe.

“This strategic partnership with HLDL will provide Tricom a platform to reach out the law firms and corporations in UK, US and mainland Europe, particularly with regard to the outsourcing of document reviews which can represent 90 percent of the costs in dealing with electronically stored information in an investigative or litigation context,” the company sources said.

In FY 2008-09, Tricom India recorded a 66 percent increase in turnover to Rs 85.26 crore, against Rs 51.24 crore in the previous year (FY 2007-08). Its consolidated net profit stood at Rs 14.14 crore during the period.

BSNL INKS MOU WITH NTT COM
Deccan Chronicle

India’s largest integrated telecom service provider, Bharat Sanchar Nigam Ltd. (BSNL) and NTT Communications Corporation (NTT Com), Japan has signed a memorandum of understanding (MoU) through which both organisations will jointly explore their strengths and expertise so that customised offerings and solutions can be given to their enterprise customers.

BSNL has created a separate vertical following an internal reorganisation for this enterprise. BSNL intends to provide complete end-to-end total telecom and IT solutions to enterprise customers and also bring the global best practices and products to enterprise segment customers.