Polaris to allocate $100 mn for acquisitions

Last Updated: Tue, Nov 20, 2012 05:55 hrs

Polaris Financial Technology is planning to allocate $100 million (Rs 549.25 crore) to acquire two to three product firms in four years, as part of its new plans to double its revenue.

Meanwhile, the company said it was looking at options to divest its shares in IdentTrust, owing to security reasons raised by the US.

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