IT major Idhasoft is eyeing a Rs 1,000 crore turnover besides, planning to seal a series of medium-sized acquisitions worth around Rs 180 crore this fiscal, a top company official said.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company also plans to float its IPO late next year.</P>
</p><p class='TableClas'>"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.</P>
</p><p class='TableClas'>The firm clocked a revenue of Rs 400 crore in FY08.</P>
</p><p class='TableClas'>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.</P>
</p><p class='TableClas'>"We hope to close this acquisition within a month. We are also close to sealing two more acquisitions in the UK and Germany 

Idhasoft eyes Rs 1,000cr revenue

Overseas acquisitions worth Rs.180 cr in offing

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