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Prism

Prism Informatics acquires 51% Majority stake in Saudi Arabia IT Company

P

Prism Informatics Limited (BSE: 505530) Mumbai, November 1, 2010 – Announced the signing of a share purchase agreement (SPA) with Al-Suwaidi group of Saudi Arabia to purchase 51% shareholding in Information Management Technologies (IMT), the software arm of the Al-Suwaidi group. Al-Suwaidi Holding Company Ltd. (ISO 9002 certified) is one of the top 100 Fortune companies of Saudi Arabia...