Thursday, 22 May 2003, 12:30 IST BANGALORE: Bangalore-based banking and financial services software firm, Ivega Corporation announced its partnership with a leading Paris-based IT Services Company-Valtech. As per the deal, Valtech will expand its duo-shore strategy through a Joint Operating Alliance with Ivega as its exclusive partner in India. Together they will set up a dedicated offshore technology center called “Valtech-Ivega”. Valtech will be uniquely positioned to leverage Ivega’s skills and best practices in offshore software development to service its …
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NEW DELHI: TCG Software and Ivega Corporation on Wednesday announced a merger to create TCG-Ivega for providing offshore IT services through the combined business. “TCG-Ivega will be a leading provider of high value specialist IT services to TCG Software and Ivega’s overlapping financial services, pharmaceutical and healthcare, manufacturing and telecommunication customer communities in India, North America, Europe, Asia Pacific and Middle East,” a company release said here. TCG Group would have controlling stake in the merged entity. “The investments in …
By Our Staff Correspondent KOLKATA, JUNE 3. The Kolkata based TCG Software, the IT arm of the Chatterjee group, and the Bangalore based Ivega Corporation announced on Wednesday a merger creating TCG-Ivega. The TCG group has acquired the controlling stake of over 75 per cent in the merged entity with a combined turnover of over Rs. 100 crores. In a `stock and cash’ deal, which is scheduled to be closed in July, the Chatterjee group of Purnendu Chatterjee has bought …
Vishwanath Kulkarni BANGALORE, June 1 IVEGA Corporation has acquired the Bangalore-based Qbar Technologies, an IT consultancy firm with expertise in financial services and Internet projects. Mr. Giri Devanur, Chief Executive Officer, Ivega, said the acquisition of Qbar would give a head-start to Ivega’s operations in the UK. Ivega, which recently started its operations in the UK, was planning to leverage on the already existing client base of Qbar, he said. According to Mr. Devanur, the acquisition of Qbar was a …
Our Bureau BANGALORE, March 3 IVEGA Corporation, the Bangalore-based IT solutions and consulting company, said it had secured the first round of venture capital funding from Sivan Securities Ltd. The initial funding of Rs. 10 crores would be used to fuel internal growth, both in the US and India, as also to actively consider strategic acquisition targets, said Mr. Ravi Ramu, Chief Financial Officer, Ivega. Addressing a press conference, Mr. Ramu, who recently joined Ivega from KPMG, said: “As Ivega …
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