8K Miles Software gains as US arm buys Canadian firm

The company's US subsidiary 8K Miles Software Services Inc., has acquired the assets of Mindprint Inc, Canada,

Shares of 8K Miles Software were up over 2% at Rs 735, in an otherwise weak market, after the company announced that its US subsidiary has acquired a clinical research software startup in Canada.

Our US subsidiary 8K Miles Software Services Inc., has acquired the assets of Mindprint Inc, Canada, the company said in a release.

"We are acquiring only assets of Customer Contracts, IP's and employees and this is not a stock/share purchase of Mindprint Inc.," the release added.

The stock opened at Rs 724 and touched an intra-day high of Rs 766. At 10:50AM, over 74,000 shares were traded on both the stock exchanges.