Systems America Inc looking for acquisitions

Bartronics Asia had recently acquired 51% stake in SYAI

Bartronics Asia Pte Limited, a wholly-owned subsidiary of Hyderabad-based Bartronics India Limited, on Friday said Systems America Inc (SYAI) was going to acquire two companies in 2013.

Bartronics Asia had recently acquired 51 per cent stake in the US-based SYAI, a provider of diversified cloud computing and information technology solutions to commercial and government clients globally.

In a filing to the BSE, Bartronics said, “As part of its growth strategy, SYAI has already lined up a series of acquisitions. It is currently in negotiations with two companies.”

While one company is into business intelligence and application services space with revenues in excess of $24 million and adjusted earnings of $3.7 million and the other one is in mobile application and social analytics space with revenues of over $25 million and earnings in excess of $4.1 million, it added.

“The company targets to close these transactions by 2013 fiscal year with a top line in excess of $100 million (Rs 542.8 crore),” it said.

With the controlling stake in SYAI, Bartronics expects to expand its operations to Canada and Europe. “Also, this acquisition will unfold new chapter in our US business,” said Sudhir Rao, managing director, Bartronics India Limited, which is into AIDC (automatic identification and data capture) technology space.

Bartronics will also get a strong foothold in a fast growing cloud computing and mobility services such as providing services around Salesforce.com, SAP, Workday and other cloud application service market in various industries, it said.