Zensar in JV to take over Tokyo software company business.

Apr. 5--NEW DELHI -- Close on the heels of acquisition of ThoughtDigital, Pune-based IT services firm Zensar Technologies is planning a joint venture that would take over the entire business of Tokyo-headquartered software firm EZA. Under the proposal, EZA will transfer its business, alliances and employees into a new joint venture Zensar Advanced Technologies, where Zensar will hold 60 percent stake and EZA will get 40 percent equity.

"EZA will not transact business in its current trading name. The transaction is expected to be closed over the next 10 days," Zensar ...

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