MUMBAI: Hyderabad-based IT firm SQL Star International Ltd has acquired the global consulting business of US consulting and product group SolutionNet for an undisclosed amount.

As per the deal, SQL Star's US subsidiary SQL Star International Inc will take over the consulting business of SolutionNet.

The group's Singapore business will be taken over by SQL Star's Singapore subsidiary International SQL Star Pte Ltd and the Australian business of the group will become the Australian subsidiary of SQL Star, the company said on Wednesday.

SolutionNet group is an established US-based consulting and product group with an annual turnover of approximately $5 million in consulting.

"The acquisition would help us to consolidate our global on site consulting business. We believe the best of global expertise can be made available cost effectively and efficiently to all our clients," SQL Star International CMD N R Ganti said.

SQL Star has major presence in the knowledge and enterprise services space. With its headquarter in Hyderabad, the firm has eight learning centers in the country with subsidiaries in USA, UK, Singapore and Australia.

Source: economictimes.indiatimes.com (24th May, 2006)