Zensar buys Thoughtdigital.

Feb. 25--MUMBAI, India -- Zensar Technologies has acquired the US-based Thoughtdigital, a firm focused on Oracle applications, for $ 24.9 million. The acquisition puts Zensar in a position to become one of the top 10 organisations for Oracle implementation globally, RPG group chairman Harsh Goenka said.

It will be funded through a mix of debt and internal accruals, with 60 percent coming from borrowings. The all-cash deal is structured with earnouts to be paid over two years.

Thoughtdigital had revenues of $27 million and an operating profit of $3 million in 2006. It employs 120 ...

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