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This is an archive article published on November 2, 2010

Prism Informatics buys Saudi co

The company did not disclose the financial details of the deal.

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Software firm Prism Informatics on Tuesday said it has acquired 51 per cent stake in Saudi Arab-based Information Management Technologies (IMT) for an undisclosed amount.

The company has purchased the stake from IMT’s parent company Al Suwaidi group,Prism Informatics said in a filing to the Bombay Stock Exchange.

The company did not disclose the financial details of the deal.

IMT provides end-to-end IT solutions for broadband wireless communications,infrastructure management and maintenance,IT-security solutions and e-commerce applications,the filing added.

 

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