Thursday, May 8, 2008

India's Tulip IT Eyeing buyouts in US, Europe

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Hardeep Singh Bedi, MD of Tulip IT Services that they are looking at acquiring the inorganic growth in the US and Europe.“We have identified some countries and we have given mandates and we are trying to see if any of these companies meet our requirements and going forward, we will be looking at acquisitions in the Europe countries and we will also be looking at tying up with some companies in the developing countries where we can roll out similar networks in partnerships with local partners,” he said.

Excerpts from CNBC-TV18’s exclusive interview with Hardeep Singh Bedi:

Q: Could you outline the growth triggers for your company going forward - the network integration is one of your key plays. But going forward, you have been looking at ramping up the data connectivity and your sworn projects, what’s the update there?

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