September 2007
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Info Drive to acquire 51% in a leading provider of Enterprise Technology Solutions

Info Drive Software Ltd has announced that the Company has signed an indicative Term Sheet along with a Non Disclosure Agreement for acquiring majority stake of 51% with a leading provider of Enterprise Technology Solutions. The Company is driven by offerings around Systems Integration, Infrastructure Management, Software Services and Biometric Solutions.

The Company, with over 900 employees, has built a formidable track-record of customer satisfaction, & loyalty backed by highly matured and successful partnerships with Global IT Providers. The Company addresses the Information Technology requirements of Corporate, Small and Medium enterprises and has a blue chip client portfolio spanning across Corporate India, Global IT/BPO Companies, MNC's and Educational Institutions.

The Company, is in the process of finalizing the Definitive Agreement and would be convening a Board meeting to take on record the final agreement once it is signed.(Equity Bulls)

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