labels: M&A
Temptation Foods acquires majority stake in software firm news
19 January 2008

 Pune-base frozen foods company, Temptation Foods Ltd (TFL), has said that it would take a 70 per cent equity stake in Aptsource Software Pvt Ltd, a high end enterprise solution consulting firm engaged in the promotion of actionable intelligence over service oriented architecture to bridge the existing gap between business and system objectives.

Aptsource is already providing Temptation with solution blueprint.

Temptation's chairman and managing director, Vinit Kumar said, "Aptsource and its value added IP will find wide acceptance in the mid-range market in India as well as overseas in the near future. Further with this investment, TFL intends to capture "terminal value" for the large expenditure for modernisation of information system and technology management which would have been, otherwise, made for a cost centre."

Two of TFL's senior management will join on Aptsource's board.


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Temptation Foods acquires majority stake in software firm