Sunday, September 23, 2007

Infosys Interested in buying the UK IT major Sage Group for about 4.6 bln eur?

BANGALORE, Sep. 19, 2007 (Thomson Financial delivered by Newstex) -- Infosys Technologies (NASDAQ:INFY) Ltd is rumoured to be interested in buying the UK IT major Sage Group PLC for about 4.6 bln eur, bidding along with Microsoft Corp (NASDAQ:MSFT) , Goldman Sachs (NYSE:GS) and Intuit Inc (NASDAQ:INTU) , according to media reports.

'We do not comment on market rumours,' Infosys spokesperson told Thomson Financial News when asked about the acquisition.

Earlier in July, there were rumours that Infosys was eyeing Capgemini, and also Siemens (NYSE:SI) ' consulting services in the high-end engineering area.

India's second-biggest software-maker, which has a cash reserve of 1.6 bln usd, recently bought the captive division of Royal Philips Electronics (NYSE:PHG) NV's finance and accounting business process outsourcing unit for 28 mln usd.

Original Story

No comments: