Acquistion

It is the time that Indian companies acquiring companies in USA, Aus..

Bangalore-based software and BPO services firm MphasiS is acquiring US-based IT healthcare company Eldorado Computing for $16.5mn, in an all-cash deal. Eldorado offers IT solutions to the healthcare and insurance sector.

It means Indian IT's are investing a lot to get rid in the race. MMhh, earning in $'s to pay in Rs thro $'s. Great Idea!