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i-flex buys SuperSolutions

By Our Staff Correspondent

MUMBAI DEC. 16. The boards of i-flex solutions Ltd. and SuperSolutions today approved i-flex's acquisition of SuperSolutions Corporation, a U.S.-based specialised consumer lending software provider in an all-cash deal for $11.5 million.

"This is the first step in the execution of our inorganic growth strategy," said Rajesh Hukku, Chairman and Managing Director of i-flex. "By opening up the consumer finance market segment for us, SuperSolutions will create another growth engine for the company".

Upon approval by SuperSolutions' shareholders, the company will become a 100 per cent owned subsidiary of i-flex.

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