United States: MagnaQuest Technologies buying eVapt.Byline: Mamta03 EVapt Inc. has reached an agreement to be acquired by an India-based billing software company. Financial terms of the deal were not disclosed. Austin-based eVapt, a developer of software for metering, billing and subscription management for cloud computing (1) Running applications in or from network servers. Computing "in the cloud" may refer to a company's own network, but often refers to the Internet and the use of Web browser-based or rich client applications. , reached the agreement with MagnaQuest Technologies. The deal is expected to close during the fourth quarter. EVapt, founded in 2006 by two University of Texas MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration students, employs five workers. The company will continue to operate in Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum . In 2007, the business won international recognition with a first place award in the technology track at the Carnegie Mellon McGinnis Venture Competition. Divakar Jandhyala, previously a product line development manager at BMC Software BMC Software, Inc. NYSE: BMC, is an American enterprise management software provider, focusing on IT infrastructure applications. BMC was founded in 1980 and is headquartered in Houston, Texas. Inc., founded eVapt with Ranjit Nayak, who was previously an integration manager at IBM Corp. s IBM Corp. in full International Business Machines Corporation Leading U.S. computer manufacturer, headquartered in Armonk, N.Y. It was incorporated in 1911 as the Computing-Tabulating-Recording Co., a consolidation of three office-products companies. Tivoli service management platform. MagnaQuest, founded in 1996, employs about 180 workers and reports customers in 25 countries. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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