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Cranes Software acquires Engineering Technology Associates Inc., USA

January 6, 2008

The board of Cranes Software International has approved the acquisition of 100% of the equity shares of Engineering Technology Associates Inc., USA (ETA), through its Wholly owned subsidiary Cranes Software Inc., USA and will invest Rs 720 million approximately in acquisition cost and immediate investments in product upgrades / alliances / infrastructure modernization, expansion, etc.

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