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Aptech earmarks US$ 25 m for US acquisitions - Views on News from Equitymaster
 
 
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  • Oct 11, 1999

    Aptech earmarks US$ 25 m for US acquisitions

    Aptech has identified three US-based software companies for acquisitions, for which it has earmarked US$ 25 m. This was reported by a leading financial daily.

    Aptech is India’ second largest information technology (IT) training company with 39% market share. With the largest number of exclusive franchises in the country and aggressive marketing, the Aptech brand along with NIIT, has become synonymous with IT training.

    Aptech has outlined plans to enhance its earnings to over Rs 2 bn (and revenues to Rs 10 bn) by end of 2000. The US acquisitions are expected to play an instrumental role in enabling the company to achieve this plan.

    The company has adopted the acquisition route as this is easier and quicker than setting up a new facility. Moreover, it will give the company a foothold in US markets. Strategic investments in the US will broaden its global database of clients. It will be easier for the company to offer solutions and expertise in US markets by operating onsite, than by operating in India.

    Moreover, with a presence in US markets, it will be easier for Aptech to expand its software training business there.

    Market view:

    Analysts expect strong domestic demand for IT professionals to give Aptech’s IT training business a boost. However, some analysts are concerned about the near-constant operating margins. Moreover, private placement of equity has also depressed earnings. Therefore, recommendations have fluctuated from ‘NEUTRAL’ to ‘SELL’.

     

     

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