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Kpit Cummins Acquires SolvCentral.com

Originally published November 23, 2005

Kpit Cummins Infosystems recently announced that it has entered into definitive agreement to acquire SolvCentral.com, a US based company providing business intelligence solutions. With this acquisition, the company will strengthen its business intelligence practice by creating a new line of business, which will help the company provide its customers high end services.

The company will acquire a majority stake in SolvCentral for $2mn. The remaining stake will be acquired over the next 3 years at a price depending on the quantity and quality of revenues of SolvCentral. Payment for the acquisition of SolvCentral will comprise a mix of cash and stock options.

 

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.