Tuesday, September 27, 2011

PCH in Rs. 45mn acquisition of internet research company

PC House PLC (PCH) yesterday announced its acquisition of Infoserve (Pvt) Ltd, a BOI company offering internet research services. The deal was worth Rs. 45 million for a 90 percent stake in Infoserve.

Infoserve specialises in gathering, filtering and summarising data on behalf of clients to suit their exact needs. The data is gathered by doing extensive research on the internet using both free and paid information sources including search engines, market intelligence portals and specialised and general press websites, a stock exchange filing said.

"This acquisition is in line with the PCH Group’s stated policy of increasing its reach in the BPO and KPO space of the IT industry," the filing said.

source - www.island.lk

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