Acuma Group

Chennai-based software company Saksoft has acquired 100% stake in Acuma Group, a UK-based information management solutions firm, about two times its size, for $17m (about Rs 78 crore) in an all-cash deal. Post acquisition, Saksoft expects a revenue of Rs 200 crore, up from Rs 50 crore in ’05-06.

Saksoft MD Aditya Krishna said the acquisition would combine Acuma’s strength in consulting with Saksoft’s global service delivery model.