SinGard mulls acquisition in India

MUMBAI: Having acquired 160 companies gloablly since inception in 1982, Pennsylvania-based software and services firm, SunGard, today said that it was looking for an acquisition in India.

"We are always looking for opprotunities for that will help us to expand our portfolio solution and acquire incremental customer base," SunGard India's Chief Operating Officer Akila Krishnakumar said here.

The largest privately-held business software and services company on the Forbes list of private businesses, SunGard, had recorded USD 5.6 billion revenue in 2008. Only two per cent of that came from the Asia-Pacific region.

SunGard provides software and processing solutions for financial services, higher education and the public sector.

Krishnakumar said that the acquisition in India would be in the areas SunGard has expertise, but did not divulge any further details.

"We are actively looking for acquisition. When it will happen and what will be the deal size -these are all difficult to answer now," she said.