Technofriends

Reports are just in that Chennai based Zylog Systems has aquired Brainhunter, a Canada based Consulting firm for Rs 150 Crores i.e 35 million US dollars.

Zylog Systems is a systems integration and business solution provider company with clients like Standard Chartered, American Express and State Bank of India among others.

Brainhunter, the Canada based Consulting firm is a 20 year old company with presence in verticals like Government, Telecom, BFSI and Oil & Pipeline.

In a statement on Monday Zylog said it is an attractive deal in terms of its technology platform, ready access to a large talent pool, 1400 plus contractors, more than 400 diversified customer base with extensive preferred vendor relationship, more than 35 Government departments serviced and 40 plus customers contributing each more than 1 Million Canadian Dollar revenue.

With the aquisition of Brainhunter, Zylog will now be able to establish a strong presence in Canada. It must be noted that Brainhunter is amongst the very few companies which got impacted by recent downturn of 2008 particularly owing to the fact that 30% of its revenues accounted from Government departments of Canada.

via ET

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