• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Pune, Sept. 12

Triple Point Technology, supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, has announced that it has acquired Coral Grid Software (P) Ltd, a Chennai-based precious metal software provider. Mr Anand Veerkar, President, Asia Operations, Triple Point Technology, and Mr Krishnan Padmanabhan, Director - Marketing, Coral Grid, told presspersons that the acquisition was finalised in August-end while declining to comment on the financial details of the deal. The acquisition has been carried out through internal accruals. The company, however, is not looking for second round of funding in the immediate future. Mr Anand said the acquisition would also offer cross-selling opportunities, as Coral Grid customers were primarily the financial institutions in Asia. —

Our Bureau

More Stories on : Mergers & Acquisitions | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
FLAG Tele bags CERN contract

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line