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November 7, 2012 02:34 pm GMT
Online designer shop Fab.com, which boasts some nine million users, is insourcing its Indian technology partner, True Sparrow Systems, by acquiring the company. The buy was reported in The Economic Times which described it as a cash and stock deal. The value of the deal was not disclosed. The paper notes it's the first time a U.S. based ecommerce company has acquired an Indian technology startup.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OujNfwrfAag/
Designer Ecommerce Hub Fab.com Goes Shopping, Acquires Indian Tech Partner True Sparrow Systems
Online designer shop Fab.com, which boasts some nine million users, is insourcing its Indian technology partner, True Sparrow Systems, by acquiring the company. The buy was reported in The Economic Times which described it as a cash and stock deal. The value of the deal was not disclosed. The paper notes it's the first time a U.S. based ecommerce company has acquired an Indian technology startup.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OujNfwrfAag/
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