The Chennai-based Zylog Systems Ltd plans to acquire two ‘target’ companies.
One is a US-based company specialising in the development of advanced technology products and solutions to the US Federal, State and local governments.
The other is in the Asia-Pacific region focusing on e-governance, healthcare solutions and hospitals management systems.
The board approved the acquisitions and also the appointment of the Finance Controller, Mr S.P. Srihari, as the head of its India operations
Source: The Hindu Businessline