, an Indian software services provider, said it has signed a definitive agreement to acquire cMango of Sunnyvale, Calif., for $20 million in cash.
"This acquisition is a significant milestone in our strategy towards creating a strong value proposition in emerging areas in a growth business like Technology Infrastructure Services. We see significant value from the cMango team through their potent consulting skills, breadth of service portfolio and domain depth," the company said.
The deal is expected to close by April 2006, subject to customary closing conditions and regulatory approvals.
cMango, a company focused on Business Service Management Solutions, has revenue of $13 million and 120 workers.
This story was created through a joint venture between TheStreet.com and IRIS.