Zensar buys ThoughtDigital
Zensar buys ThoughtDigital
Last Updated : Feb 23 2007 | 12:00 AM IST
<b>Zensar to pay $24.9mn for ThoughtDigital</b><br><br>
Zensar Technologies, US, a wholly-owned subsidiary of Zensar Technologies, today executed a purchase agreement with ThoughtDigital LLC, US, a Delaware liability company and its holding company SOA Software, for purchase the whole business of ThoughtDigital LLC, US for $24.90 million.<br><br>
Zensar today said the funding for the buy out will be via internal accruals and borrowings in the ratio of 60:40.<br><br>