Date:14/11/2007 URL: http://www.thehindubusinessline.com/2007/11/14/stories/2007111451430400.htm

Back Calsoft buying 100% stake in US co

Chennai, Nov. 13

California Software Company Ltd (Calsoft) has signed a Letter Of Intent to acquire 100 per cent equity stake in the US-based International Innovations Inc, a technology consulting company specialising in information management solutions. Innovations’ valuation will be $1.32 million (about Rs 5.3 crore). The deal envisages phased payments over a period of one year from the conclusion of a definitive share purchase agreement and based on certain performance parameters, according to a Calsoft press release. —

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