Techbooks - Have Money, Will Buy?
Within a year of completing the takeover of Maximize Learning, Techbooks is on the prowl again eyeing acquisitions in India and the US. Techbooks is on the lookout for companies specialising in services such as content IT and litigation support or have customers in verticals including pharmaceutical and healthcare industry.
For organic growth, the company plans to invest $5-7 million this year to augment its capacity in India. For acquisition, Techbooks plans to consider companies with revenues of $10-20 million. Click here for more.
Techbooks' investors include American Capital & Blue Water Capital. Click here for their corporate snapshot with details of past acquisitions.
Techbooks' Indian expansion is a smart move. It will benefit the Indian market too by creating competition for Indian companies in the same field.
Posted by: Razib Ahmed | March 28, 2006 at 10:15 PM