California Software may acquire Aspire Communications.
Economic Times (New Delhi, India), May, 2007
May 23--CHENNAI, India -- California Software (Calsoft) is set to acquire 51 percent stake in Aspire Communications, a hardware design services company in a cash and stock deal for an undisclosed amount, reports Our Bureau.
The two companies signed a deal on Tuesday, which would culminate into a final share purchase agreement. The process is expected to culminate by July 2007 and to add $3 million in revenue and $400,000 in net profit to the Calsoft Group in 2007-08.
Calsoft MD and CEO Sam Santhosh said, "This will help Calsoft augment its product engineering services. With the Hardware Design expertise that Aspire Communications brings we can now provide end-to-end solutions in the outsourced product development space."
Aspire Communications...
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