India's Tech Mahindra Acquires Stake in New England Software Co

Pune, India-headquartered Tech Mahindra announced it will acquire a 17.5 percent stake in Tewksbury, MA-based telecom software development company Altiostar Networks for $15 million in a cash deal. The investment is through its wholly owned subsidiary, Tech Mahindra (Americas) Inc, USA, the company said in a regulatory filing. "This is...

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