Deal Corner
January 01, 2000
-flex Solutions acquisition of Mantas

DEAL BRIEF

i-flex Solutions Limited (www.iflexsolutions.com), a leading Indian software product company, acquired Mantas Inc. (www.mantas.com), a US corporation along with its subsidiaries, for $122.6 million in an all-cash transaction. The deal closed on October 3, 2006. Through this IP-driven acquisition, i-flex Solutions Limited intends to extend its existing banking software product portfolio by including "anti-money laundering and compliance software". This deal is touted to be the second largest M & A deal in the Indian IT industry to date.

OUR ROLE

We at Nishith Desai Associates acted as Indian counsels to i-flex Solutions Limited in this acquisition. Our responsibility included due diligence, advising on IP and open source issues and review of deal documentation.

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Deal Corner

January 01, 2000

-flex Solutions acquisition of Mantas

DEAL BRIEF

i-flex Solutions Limited (www.iflexsolutions.com), a leading Indian software product company, acquired Mantas Inc. (www.mantas.com), a US corporation along with its subsidiaries, for $122.6 million in an all-cash transaction. The deal closed on October 3, 2006. Through this IP-driven acquisition, i-flex Solutions Limited intends to extend its existing banking software product portfolio by including "anti-money laundering and compliance software". This deal is touted to be the second largest M & A deal in the Indian IT industry to date.

OUR ROLE

We at Nishith Desai Associates acted as Indian counsels to i-flex Solutions Limited in this acquisition. Our responsibility included due diligence, advising on IP and open source issues and review of deal documentation.

Read more:

 

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.