On the back of three successful acquisitions in health and pharma space in past six months, pure-play cloud player 8K Miles Software is looking at more buyouts in the same area as it seems a huge opportunity in the US following the legal mandate to Obamacare.
8K Miles will be acquiring Cintel Systems, a leading UI & UX, Mobile Application Development and Services Company. The total amount of this acquisition is considered to be USD 3,750,000 - combination of cash and stock.
Investors lapped up shares of 8K Miles Software Services on Wednesday after the cloud solutions provider announced acquisition of US-based mobile application development and services company. The stock rallied 5.8 percent in early trade.