Patni Computer Systems, a global IT services provider, announced the acquisition of Bridgewater, N.J.-based Taratec Development Corp. through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenues, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services.
This acquisition is in line with Patni’s strategy of enhancing its market specific services and provides additional capability to support thegrowing and diverse requirements of the Life Sciences market, from pharmacovigilance to demand-driven supply chains. Patni can now offera global delivery model that provides end-to-end capabilities complete with established, life science expertise in specific, high-demand areas
(Source: Patni Press Release)
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