After spending close to $5 billion for 13 acquisitions in 2006, IBM plans to keep up its accelerated pace of acquisitions this year and has earmarked Indian IT space as a key target region.The company’s acquisitions in 2006 were in the software space, an area where IBM is bullish about growth prospects in future as well.
The US-based IT giant is believed to have sounded its investment bankers to scout for potential targets in the country, which could include mostly small-to-mid sized software firms, although it is not averse to acquiring large companies at the right price.
Read more in The Business-Standard article.
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