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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5928)	8/27/1999 9:44:00 AM
From: Mohan Marette	Read Replies (1) of 12475

Pentafour Software sets aside $100 m for overseas buyouts pentafour.com PTI Chennai, Aug 26: The Chennai-based software major Pentafour Software and Exports will spend $100 million over the next two years for acquiring multi-media and business software firms in US and Europe, a top company official said on Thursday. "We are looking at some companies in these two continents and a decision on the first acquisition would be taken within the next two months," company chairman and managing director V Chandrasekaran told reporters here.Pentafour Software and Exports is among the major software companies in the country that is eyeing acquisitions abroad to enhance competitive edge both in domestic and overseas markets. Recently, another software and education firm SSI Ltd had acquired US-based Indigo Software, while Complete Business Solutions India (CBSI) had evinced interest in buying out such companies in the US and Europe. Chandrasekaran also revealed that his company currently had six animation films on hand, which would result in revenue from this segment growing by at least 40per cent this fiscal from $56 million in the last financial year.

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