Alliances News : 12/1/10

ZYLOG SYSTEMS EYES ACQUISITION IN CANADA
Mumbai
Business Standard  Financial Chronicle  

IT firm Zylog Systems today said it is eying acquisition in Canada and its board has given approval to go-ahead with the bidding process.

The board, at its January 9 meeting, approved "proposed acquisition in Canada and authorised the company to go ahead with the bidding process on the basis of the recommendation of the Merger and Acquisition committee", Zylog Systems Ltd said in a filing to the BSE.

"In the event of successful bidding, board has authorised the company to go ahead with the acquisition process,"it said.

 

MICRO TECHNOLOGIES TIES UP WITH ISRAELI COMPANY
Mumbai
Business Standard

Mumbai-based security solutions provider Micro Technologies (India) has entered into an agreement with Israel-based H.A.Sh Group System Services to provide security devices to the former, a top company official said.

"Within next two years, we will be able to do business worth $100 million with Israel," Micro Technologies Chairman and Managing Director P Sekhar told PTI today on the sidelines of a press conference.

We are launching the pilot for Safe and Secure City Project in collaboration with the Israeli company H.A.Sh group system services, which will start in next three months. We will provide the latest security devices and they will customize it and use it accordingly, he said.

This is the first time that an Israeli company with global operations is buying sophisticated security devices from India, he added.

The company will provide security for sectors like ports, coastal and container, transport, and infrastructure. The company will provide devices for personal identification and cyber security too, he said.

"We found Micro Technology products are superior in quality and cost effective. So we opt for them to provide security to Israeli Cities," H.A.Sh System Services Chairman Dan Romen said.