Polaris Software Lab Ltd has said that it will continue to make acquisitions to complement its portfolio of services and products.
Arun Jain, chairman and managing director, Polaris Software Lab, said the company’s two acquisitions – Laser Soft and Indigo TX – in the last 12 months had been effectively assimilated into its direct operations, adding to its portfolio of products.
“Not only have these companies brought in significant intel-lectual property, but they have also reinforced the status of the company as a financial technology player by making it the largest FT product company in the region,” he said.
“We will continue to make acquisi-tions to complement our port-folio of services and products. With cash reserves of Rs 500 crore, we have headroom for additional growth through acquisitions.”