Polaris Software to acquire Laser Soft for Rs.52 crore
Thursday, October 15, 2009 (12:30:28) Tags: Business, Polaris Software, Laser Soft
Chennai: Polaris Software, which caters to the banking, financial services and insurance space, is acquiring Laser Soft Infosystems, a competitor, for Rs.52 crore in a cash deal.
The Rs.1,377 crore Polaris officially intimated the deal in a regulatory filing with the bourses today. Promoted by Suresh B. Kamath, Laser Soft also offers a wide range of solutions to the banking industry. (IANS)