28th March 2007: Glodyne Technoserve a leading IT Services company has signed a stock purchase agreement through Dyne Techservices Inc (a wholly owned subsidiary of Glodyne Technoserve Limited) with Links Group International Inc. to acquire 100% stake in LGI Inc.

LGI Inc. is a profit making company based out of Virginia, USA. The Company is in the business of Software Services and has client base in various states in USA. LGI Inc. has a strong client base which comprises of companies across verticals. Few of LGI Inc. clients are Symantec, France Telecom/Orange Business, Openet, Plateau, Equant Inc, etc.

The consideration for the acquisition is for $ 4.75 Million in an all cash deal. The funding would be done via debt and internal accruals. LGI’s current year revenue is above $ 7 million and Gross profit is above $ 1.4 million.

The acquisition is in line with the Company’s Strategy to grow multifold through a combination of Organic and Inorganic growth and spread its geographical risks.

Commenting on the acquisition, Mr. Annand Sarnaaik, MD & CEO, Glodyne Technoserve, said, “The acquisition would further strengthen our position in the US market and create inroads for a host of services that we have to offer. The resources at Glodyne would enhance LGI Inc’s offerings to its customers and tap newer clients. The combined skill sets of Glodyne and LGI Inc. would work synergistically driving growth within the US market.”

About Link Group International Incorporation (www.lgroupinc.com)
Links Group International, Inc is an IT services company providing full spectrum of project implementation, software development, offshore development to clients operating in all verticals and based across the United States of America. The company has a highly professional board which has spurned LGI’s growth in a short span of time. Services of the company include Software Development and Management and IT Consulting. Solutions from the company include Enterprise Resource Planning, Enterprise Application Integration, CRM and e-business.

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