Russia Partners, a pioneer in private equity investing in Russia and the CIS, this month sold 8.9 percent of its shares in EPAM. The transaction was worth $142.25 million, according to documents posted on the website of the U.S. Securities Exchange Commission (SEC).
Philadelphia-area based, Return on Intelligence, Inc., an IT management consulting firm with deep experience leveraging knowledge and technology to help clients plan and execute core system transformations, announced its merger with Exigen Services.
Russian software development outsourcer Luxoft, part of the IBS Group, has announced its acquisition of US-based Freedom OSS, Cnews reported Wednesday. Luxoft is one of Russia’s leading IT service provider of high-end business solutions to clients across the globe. The company’s experience with open source software is based on RedHat’s JBoss enterprise middleware, which integrates applications, data, and devices. Freedom OSS develops open source software for electronic payments, content management and collaboration tools.
Computer maker Dell Inc., in a move to strengthen its software business in the face of declining PC sales, has just acquired Quest software for $2.4 billion.
The deal ends a months-long bidding war that saw offers for the California-based company rise from an initial bid of $2 billion.
According to the L.A. Times, Dell plans to make Quest...