Leading Edge Systems is in talks to acquire ECapital Solutions. The size of the deal could be over $9 billion. The reasons for the move are said to be complementary products and services as well as general move to enlarge and further professionalise the LES management.
ECapital Solutions was set up in December 1998 by former Hewlett Packard (India) CEO Suresh Rajpal. IndOcean Chase Capital had put up $9 billion to take an approx. 60% stake in the company.
Incidentally, IndOcean also holds a 12% stake in the Rs. 635 million LES. The company (LES) has one of the largest offsite centres in the US for an Indian software company with over 100 engineers working at its site. Since it has also focussed on developing products apart from services LES enjoys one of the highest billings for an Indian software company.
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