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Calsoft to buy stake in Inatech

CHENNAI: California Software Co Ltd (Calsoft) announced the signing of a letter of intent (LOI) to acquire 51 per cent stake in Inatech Solutions U.K. and Inatech InfoSolutions India through a combination of cash and stock. Addressing presspersons here on Thursday, J. K. Nair, Executive Vice President and COO, Calsoft, said Inatech's enterprise valuation was at Rs. 30 crores. Inatech is a specialised Oracle solutions provider with a major focus in construction, hi-tech, manufacturing, distribution and the government sector.

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