Tata
Interactive buys 2 software firms overseas
The
Financial Express January 10, 2006
Mumbai, Jan 9: The Tata
group's global e-learning firm, Tata Interactive Systems
(TIS) has acquired two European software companies for
an undisclosed amount. TIS acquired Tertia Edusoft Gmbh
in Germany and Tertia Edusoft AG in Switzerland from
the Tertia Group of companies. TIS CEO Sanjaya Sharma
told FE, "The acquisitions will add about 20-25%
to our revenues. The German company is a market leader
in the simulations space and along with the Swiss entity,
it will open up the non-English speaking markets of
Europe and give us access to the leading businesses
in central Europe.
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