Wednesday, July 25, 2007

Infy may announce European buy today

Infosys Technologies Ltd, India's second-largest software services exporter, may announce an acquisition in Europe on Wednesday.

The size of the deal, expected to be in the back-office services segment, could be around $200 million, they said, citing unnamed sources.

Infosys, whose customers include ABN AMRO, Goldman Sachs and Airbus, was close to acquiring the finance and accounting back-office services arm of Dutch consumer electronics group Philips.

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