Decipher Labs Ltd to acquire IT company business in India Posted On: 2020-12-15 01:28:58 (Time Zone: Arizona, USA) The Board of Directors of Decipher Labs Ltd (Formerly Combat Drugs Limited) at its meeting had considered various proposals for expansion of the business of the company and was on the lookout for acquisition of Businesses in the Pharma and Information Technology Sectors. With a view to expand its presence further in the Information Technology Sector, the Board of Directors of the company have identified a company for acquisition of its business (hereinafter referred to as the "Target Company") based in India through a Business Transfer Arrangement. The target company is operating in the field of Information Technology Services specializing in Consulting, Offshore Development and Manpower Management with diversified client portfolio consisting of the top IT companies in India having an Income Revenue in excess of Rs.43 Crores and an EBITDA of approximately Rs.6.33 Crores as per the unaudited figures of their Financials.