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Infobeans Tech soars after board OKs Rs 10-cr buyback


Infobeans Technologies jumped 13.29% to Rs 203.30 after the company s board approved a proposal to buyback equity shares worth upto Rs 10 crore.
The board of the IT company has approved a proposal to buyback upto 4,31,717 equity shares of the company, or 1.80% equity of the company, at Rs 232 each, aggregating to Rs 100,158,344.
The buyback price of Rs 232 each is at a premium of 29.28% compared with the scrip s closing price of Rs 179.45 per shares recorded on Friday (23 April 2021).
The board took note of the intention of members of the promoter and promoter group including the person in control of the company to participate in the proposed buyback. ....

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Falfurrias Capital Partners Adds to Crosslake With Acquisition of Corsis


Falfurrias Capital Partners Adds to Crosslake With Acquisition of Corsis
Combination establishes leading data-enabled tech due diligence provider
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CHARLOTTE, N.C., Jan. 19, 2021 /PRNewswire/ Falfurrias Capital Partners (FCP), a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, today announced the merger of Corsis, a provider of data-powered technology due diligence services, with its newest portfolio company, Crosslake Technologies.
Corsis brings a consistent, data-driven approach to technology due diligence assessments through their extensive TechIndicator best practice library and proprietary Confidence Index scoring methodology. With their proprietary software, Corsis delivers actionable insights to private equity firms and portfolio companies via a centralized dashboard, complete with objective benchmarking data that help them prioritize technology initiative ....

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