Megasoft to acquire Boston Communications for 65 mln dollar

New Delhi, July 11 (UNI) IT services provider Megasoft Ltd today said it will acquire Boston Communications Group Inc (bcgi) for 65 million dollars.

As per the agreement, a subsidiary of the company will commence a tender offer to acquire all the outstanding shares of bcgi common stock for 3.60 dollars per share.

The offer is expected to commence on or before August 1, 2007, and will expire at midnight on the 20th business day following and including the commencement date, a statement said.

''The transaction creates significant value for Megasoft shareholders and expands our market and technology leadership in what is one of the most exciting areas of our industry's transformation: convergent telecom,'' said company's CEO and Managing Director G V Kumar.

''Megasoft and bcgi link technology will create an exceptional platform to add next-generation, high-value products and strategically position the company for future growth'' he added.

UNI