Friday, August 31, 2007

Infosys, Wipro in race to buy US analytics firm: report


Infosys Technologies and Wipro, India's second and third-biggest software firms, are competing to purchase a US analytics firm in a deal valued at up to 160 million dollars, a report said Friday.

The Bangalore-based firms have shown early interest in buying New Jersey-headquartered MarketRX -- the first time they are both targeting the same acquisition, the Economic Times cited unnamed sources as saying.

The eventual purchaser would be able to tap MarketRX's established and potentially lucrative practice in analytics, including people trained in diverse branches such as mathematics, statistics and accountancy.

Read more in The DNA Money article.

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