Patni (PTI) Acquires Life Sciences Services Company Taratec for $27 Million
7/24/2007 1:44:49 PM
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Patni Computer Systems (NYSE: PTI), a global IT services provider, announced the acquisition of Bridgewater, N.J.-based Taratec Development Corp. through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenues, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services.
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