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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
March 14, 2005 at 07:00 PM
NU Online News Service, March 14, 2005, 3:02 p.m. EST
MphasiS BFL Ltd., Andheri, India, has agreed to pay at least $16.5 million in cash for Eldorado Computing Inc., Phoenix.[@@]
MphasiS is a company that sells technology and business support services.
Eldorado develops claims-processing and benefits-management systems for health insurers, health maintenance organizations and other health carriers. The privately held company began selling software in 1984 and says it now generates about $10 million in annual revenue.
In addition to agreeing to pay $16.5 million in cash up front, MphasiS has agreed to pay bonuses to Eldorado’s top managers over the next 3 years if Eldorado does well, according to MphasiS.
MphasiS and Eldorado hope to complete the deal by March 31.
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