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Fidelity invests $20 mn in AbsolutData

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Reuters Mumbai

Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, said on Thursday it would invest about $20 million in Indian data analytics services provider AbsolutData against a minority stake.

The funds would be used to scale up AbsolutData's global delivery footprint to meet demand for advanced and big data analytics, both the companies said in a statement.

 

 

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First Published: Aug 23 2012 | 2:07 PM IST

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