Patni Computers acquires Taratec for $27 mn

New Delhi, July 24: Global IT services provider Patni Computer Systems today acquired New Jersey-based Taratec Development Corporation through its subsidiary Patni Computer Systems Inc for an aggregate price of 27.2 million dollars in cash including contingent consideration.

Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services with more than 20 million dollars as annual revenues.

This acquisition would provide Patni an opportunity to enhance its market-specific services and provide additional capability to support the growing and diverse requirements of the Life Sciences market, from pharmacovigilance to demand-driven supply chains, said a statement.

UNI