The company also plans to float its IPO late next year.
"We are eyeing a Rs 1,000 crore revenue this fiscal. We are also in advanced stages of negotiations for acquiring small and medium-sized IT companies in the US and Europe and hope to seal 4-5 such deals soon," Idhasoft CEO Alok Pathak told PTI here.
The firm clocked a revenue of Rs 400 crore in FY08.
Idhasoft, which in March, sealed the acquisition of US-headquartered Intelligium, is now close to acquiring another US IT company in the banking and financial services space for around Rs 20 crore.
"We hope to close this acquisition within a month. We are also close to sealing two more acquisitions in the UK and Germany
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