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DSQ Software in talks for US buy

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CIOL Bureau
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MUMBAI: India's DSQ Software Ltd. is in talks to acquire a US-based software

firm that offers systems integration services, a DSQ spokesman told Reuters.

Systems integrators typically help corporates to manage their computer networks

and design solutions to make them compatible for different software

applications.

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The spokesman declined to give details. He said that DSQ Software was likely

to complete its proposed acquisition of another US-based e-commerce services

provider San Vision Technology Inc by March. DSQ had said in July last year that

it would acquire San Vision for $30 million in stock but said later in December

it was renegotiating the purchase price, following the steep fall in valuations

of tech stocks.

"We expect to wrap up the deal in another two weeks," he said. DSQ

Software's shares ended down 0.39 per cent at



Rs 421.75, while the benchmark Bombay Stock Exchange index closed 0.47 per cent
up.

(C) Reuters Limited 2001.

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