The board of directors (BoD) of IT People India, at its meeting held on Sep. 24, 2007, approved acquisition of 100% stake in Marketplace Technologies, formerly known as ENC Software Solutions, a closely held company, and the eventual amalgamation of it into IT People, subject to necessary approvals from shareholders and authorities.
The company entered into memorandum of understanding (MoU) with the promoters (stakeholders) of Marketplace Technologies on Sep. 24, 2007.(My IRIS)