Ways India acquires US software consultant firm

MUMBAI: Ways India Ltd., an unlisted Indian company specializing in software

for financial transactions via the Internet and mobile devices, said on Monday

that it had acquired US-based software consulting company McDonnell Associates

Inc.

McDonnell will become a 100 per cent subsidiary of Ways India. Ways India

said the acquisition will help it gain a presence in the United States, which it

has identified as a key market for its transactions.

The Boston-based McDonnell, which was set up 10 years ago, provides a wide

range of information technology services and has clients such as IBM Computers,

Pepsi International, AT&T communications, Fujitsu, General Electric, Lucent

Technologies and Compaq. German software company Brokat Infosystems AG picked up

a five per cent stake in Ways India last month.

(C) Reuters Limited 2001.