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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (4615)	6/15/1999 9:30:00 PM
From: Mohan Marette	Read Replies (2) of 12475

Mastech (Nasdaq-MAST) hunts for local IT firms (Wednesday, June 16, 1999) mastech.com B Raghuvir in Bangalore The $400-million Mastech Corporation, one of the leading IT services firm, after acquiring companies on a global scale has now zeroed in on Indian companies with specialisation in e-commerce and Internet applications. The corporation which has a wholly owned subsidiary in India - Mascot Systems - is currently scouting for such IT firms in the country and a deal to this effect is "in the offing". Highly placed officials in the Indian subsidiary informed that there have already been offers from various M&A consultants on possible targets, but the same were not in line with the company's line of focus...... business-standard.com

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