Polaris Financial Technology Ltd allocated $100 million to acquire two to three product companies in next four years. The company is looking at a new phase of growth, which would focus on doubling the current revenues in the next four years. The company would continue to identify its core assets that will contribute to fuel growth. Inorganic growth strategy plays an important role, and backed by rationalization of existing portfolio between core and non-core assets. The company is planning to sustain its productivity by reducing the complexity. The company has started the process through various initiatives including its collaboration with the Reserve Bank of India and other technology and service offerings including the cloud-based Financial Technology (FT) Grid.
Tuesday, 27 November 2012
Polaris Financial Technology to allocate $100 mn for acquisitions (BS)
Polaris Financial Technology Ltd allocated $100 million to acquire two to three product companies in next four years. The company is looking at a new phase of growth, which would focus on doubling the current revenues in the next four years. The company would continue to identify its core assets that will contribute to fuel growth. Inorganic growth strategy plays an important role, and backed by rationalization of existing portfolio between core and non-core assets. The company is planning to sustain its productivity by reducing the complexity. The company has started the process through various initiatives including its collaboration with the Reserve Bank of India and other technology and service offerings including the cloud-based Financial Technology (FT) Grid.
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