3 Mid-Tier IT Companies To Include In Your Portfolio
Mon, Jan. 6, 4:16 PM
- Virtusa (VRTU +1.9%) acquires Swedish treasury/asset management consulting outfit TradeTech Consulting Scandinavia for $20M in cash and up to $4M in earn outs. The firm has 60 employees with a business centered in Nordic countries.
- Management expects TradeTech to contribute revenue of $4.2M in FQ4, with EPS unaffected inclusive of $800K in acquisition-related amortization. The transaction is expected to be accretive to EPS for FY2015.
VRTU vs. ETF Alternatives
Virtusa Corp is an information technology services company. It uses an offshore delivery model to provide various information technology services, including IT consulting, technology implementation and application outsourcing.
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