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?We are targeting firms that bring customer relationships? - Financial Express
It is always good to have a strong balance sheet as it helps customers to have confidence in us. So our cash does not hurt us. We are looking at different avenues for investing the cash and we are looking for Companies to acquire if They build us synergies. Last year we acquired a company called Entegram LLC which specialises into customs application development, application support and maintenance for a consideration of $2 million. This year we have not done any acquisition. The kind of Companies that we are looking at should have domain expertise and should be related in some way to what we are doing at Mastek. They need to bring in customer relationships that They cannot handle but They trust us to handle the same. These Companies should bring in specific skills that we do not have.
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