Comp-U-Learn to acquire US-based ECG Technology
Hyderabad-based software development company Comp-U-Learn Tech India Ltd will acquire ECG Technology LLC, a Delaware-based firm engaged in engineering, technical and design consulting, according to a BSE disclosure. The company may also acquire 100 per cent stake in ECG and is looking to raise $100 million through various routes (FCCB, QIP, GDR, ADR, Etc.) for scaling up its businesses.
In February this year, Comp-U-Learn acquired Divya Knowledge Process Management Ltd, an educational services company having a tie-up with Bharathidasan University (Tiruchirapalli, Tamil Nadu), for $0.8 million. The company had made five more acquisitions since 2009.
In 2009, the firm acquired Boden Inc. (an IT services company in New Jersey) for $1.5 million and picked up Ace BPO Services (a healthcare-focused IT-enabled services company) for $0.76 million. It also bought 51 per cent stake in Shouk Investment Consultancy, a Dubai-based firm, to expand its business in the Middle East and African countries. The company was later renamed as Comp-U-Learn Middle East FZC. In 2010, the company acquired Astus Technologies Inc