Tuesday, March 16, 2010

Alliances News : 16/3/10

IKF TECH, WAPMERR IN PACT
Kolkata
The Hindu Business Line  The Hindu  

IKF Technologies Ltd has entered into an agreement with WAPMERR-India, a developer of geo-information technologies to take up projects related to Geographic Information System (GIS) and Marketing Information System (MIS). “We have jointly bid for six projects, funded by different state governments and city administrative departments,” C.S Jalan, MD, IFK Technologies, said. The projects, spanning across Western India, Bihar and Chennai, mostly dealt with disaster management services, he pointed out.


GSS AMERICA EYEING $60-M ACQUISITION
Hyderabad
The Hindu Business Line

GSS America, a managed IT services company, has said that it is in talks with a few players from the US and India for a possible $50-60 million acquisition, in the next financial year. The company is looking to add strengths in areas such as security and application management solutions.

“We have taken a nod from the EGM recently to raise up to $75 million. We will decide on the fund-raising plan in the first quarter of next financial year (the company's financial year begins in June),” Bhargav Marepally, Chief Executive Officer of GSS America, said.

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