Polaris Software Lab has acquired enterprise brokerage solution software as a service (Saas)-based product company, Indigo TX, in an all-cash deal for an undisclosed sum.
This is the second acquisition following the buy out of Rs 52-crore financial IT company Laser Soft in 2009-10, R Srikanth, CFO of Polaris told FE. The takeover of Indigo provides the core competency for Polaris in capital market spectrum in the enterprise brokerage space. We are quite bullish about the pick up in the order status and expect to see a PAT growth of around Rs 30 crore from Indigo about three years from now he said.
