Wednesday, October 1, 2008
Wireless Info Tech Acquired By Chinese Firm
San Diego-based Wireless Info Tech Ltd., a provider of mobile testing and application development services for the wireless industry, has been acquired by a Chinese firm. According to VanceInfo Technologies, it has entered into a definitive agreement to acquire Wireless Info Tech, in a deal worth $1.08M in cash plus stock. VanceInfo is an IT services provider providing offshore software development in China. VanceInfo said that Wireless Info Tech had sales of approximately $3M for the eight months ending August 31st.