Zensar Technologies Ltd’s US subsidiary Zensar Technologies Inc will acquire PSI Holdings Group Inc (Akibia) in an all-cash deal worth $66 million, and complete the buyout by December, vice-chairman, Mr Ganesh Natarajan, said on Monday. Akibia, a Massachusetts-based infrastructure management firm, with revenues
of over $100 million and 325 employees in North America and Europe, also provides information technology services in data centre management and network security solutions. Zensar hopes this acquisition will put it among the top 10 infrastructure management outsourcing service providers.