Aztec to buy Disha for $12.1m

NEW DELHI: Aztec Software & Technology Services Ltd has informed that it has entered into an agreement to acquire Disha Technologies India Pvt Ltd (Disha), an independent software product testing company in India.

According to the press release, this acquisition will help Aztec offer expertise in a critical component of the software product lifecycle and more effectively address the needs of the ISV segment. Disha will operate as an independent testing company to meet market needs.

The deal comprises of $9.6 million in cash and $2.5 million in stock. Disha has about $2 million in cash on its balance sheet, Aztec said.