IndiaInsurance
6th June 2010, 06:59 PM
IT major Mastek is eyeing an acquisition in the insurance vertical in North America as well as the UK, and could spend up to USD 50 million for the same, a senior company official said. Our focus is to grow in the insurance sector - both life and general -- in these markets. We are already operating here and are talking to three-four firms for a potential buy-out. The deal size could be between USD 30-50 million. This is our sweet spot, Mastek s Chief Financial Officer Farid Kazani said. Mastek, which provides IT services to insurance, banking and finance firms, ...
More... (http://in.biz.yahoo.com/100606/50/bavqch.html)
More... (http://in.biz.yahoo.com/100606/50/bavqch.html)