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Aurionpro Solutions to buy US firm Coban

Mumbai, Aug 31 (IANS) Indian software firm AurionPro Solutions Ltd plans to buy US firm Coban Corp in an all cash deal, the company announced Thursday.

Thursday, August 31, 2006 | 3:50:36 PM IST (+05:30 GMT)
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Mumbai, Aug 31 (IANS) Indian software firm AurionPro Solutions Ltd plans to buy US firm Coban Corp in an all cash deal, the company announced Thursday.

Without giving any details of the proposed acquisition, AurionPro Solution informed the Bombay Stock Exchange (BSE) its intent to acquire 100 percent control in the San Francisco-based Coban Corp.

Coban provides high end enterprise web technologies and enterprise integration technologies to Fortune 1000 clients focusing on the web portals and enterprise content management space.

'Coban's acquisition shall provide an added impetus to AurionPro's growth plans in the US markets. AurionPro shall endeavor to leverage Coban's strong partnership with Vignette and a clientele comprising Fortune 1000 companies to cross sell its solutions and services in a complementing manner,' said AurionPro Solution managing director Amit Seth.

'A definitive agreement to conclude and consummate the transaction is expected to be signed within 45 days,' he said.

Copyright : Indo-Asian News Service
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