Mergers and Acquistions News
Categories: Software
April 21st 2010, 15:36PM
Nevada-based SARS Corporation, which trades as Fastech Holdings, has announced that it is on the acquisitions trail once again.
SARS, which provides design, sales, installation services and monitoring software to business owners, plans to commence negotiations for the acquisition of a number of complementary companies.
Frank Bonadio, chief operating officer of SARS, said the time is right for the company to seek consolidation with additional mid-sized companies via a series of mergers and acquisitions.
The ideal firms will have between $5 million (£3.2 million) and $20 million (£13 million) in annual revenues and will have been in business for at least a decade, he added.
"A lot of these potential target companies are very successful, but have limited growth options going forward," Mr Bonadio went on to say.
Late last month, the company announced that it will invest more than $8 million (£5.2 million) in healthcare projects for providers in the US' midwest.
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