MindTree declare that it has successfully closed the acquisition of entire ownership interest in Discoverture Solutions LLC, after securing necessary regulatory approvals.
Discoverture Solutions LLC is a limited liability company incorporated under the laws of the Arizona, United States & purchase of specified assets of Discoverture Solutions India, a company incorporated under the Companies Act, 1956, having its registered office at Bhubaneshwar, Odisha.
-MINDTREE TO ACQUIRE INSURANCE SOFTWARE COMPANY DISCOVERTURE
India-based technology services company Mindtree (NSE: MINDTREE) has entered into definitive agreements to acquire US-based insurance solutions company Discoverture Solutions LLC, the company said.
MindTree Ltd declared that its board has granted approval for the acquisition of the entire Ownership Interest in Discoverture
Solutions LLC, a limited liability company incorporated under the laws of the Arizona, United States.
M2 EQUITYBITES-January 20, 2015-Mindtree to Acquire Insurance Software Company Discoverture
Mindtree Ltd, a mid-size IT services firm will buy US-based insurance related IT solutions provider Discoverture
Solutions LLC, in a cash deal worth $15 million.
The company also said it has acquired a US-based technology company, Discoverture
Solutions, for $15 million in an all-cash deal, with which
Mindtree, a global technology services company, today announced that it has entered into definitive agreements to acquire Discoverture
Solutions LLC (Discoverture
), a leading provider of insurance solutions based in the US.
Delivery partners include Avanade, Discoverture
, Syntel, and TCube, all of whom offer configuration and systems integration accelerators.
Implementation of these solutions was managed by Discoverture
Solutions, a strategic delivery partner for the Accenture Duck Creek software.