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Mascon Global buying two US-based cos for $55 m
Mascon Global buying two US-based cos for $55 m, reports Business Line. Mascon Global Ltd will acquire two US-based firms for $55 million. The acquisition will fetch in additional revenues of $70 million in 2008 and put Mascon in partnership with Cisco and General Electric.
Mascon Global Ltd will acquire two US-based firms for $55 million. The acquisition will fetch in additional revenues of $70 million in 2008 and put Mascon in partnership with Cisco and General Electric.
One of the companies, Jass & Associates Inc, provides business software services. Based at San Jose, California, it employs 550 people - which will rise to 1,200 by 2010. It also has a software development centre at Hyderabad.
The other company, SDG Corporation, provides identity management services. It is based in Connecticut, the US and is present in India and the UK.
