Ushacomm, an IT solutions vendor, is eyeing acquisition in India, continental Europe or the UK in the telecom product space.
Saugata Banerjee, executive director, Ushacomm, said the acquisition is likely to be made within the current fiscal and the size of the target firm could be less than $200 million. The buy would be funded through promoters' equity, he said.
Ushacomm, which caters to the telecommunications segment, is also set to enter new areas such as power with its billing software.
Tamal Bardhan, head of marketing & alliances, said Ushacomm is set to offer its services in the utility space and is in talks with “a large utility with presence in power, gas and infrastructure”. It also aims to explore the banking and financial services and insurance vertical.
Ushacomm is 70% held by the Jhawars of the Usha Martin Group and the balance is with private equity investors.
Also, Ushacomm has tied up with Talisma, a customer relationship management (CRM) software solutions provider, to target mobile virtual network operators (MVNO) and MVN managers with a solution that will create new offers for customers.
Called TIB-X (telco in a box), the solution has been built around Ushacomm's business support system (BSS) and business intelligence (BI) capabilities, and CRM.
Rajendra C Mruthyunjayappa, managing director, Talisma, Asia Pacific and Europe, said the two companies are targeting markets such as Africa, Europe and South East Asia along with India with this product.
Banerjee said the company's billing system captures 90% of subscriber data which is business-critical information.
Source: DNA India