Network security provider @Elitecore
Limited is in talks with a few leading telecom products players in Europe for acquisitions of around $30 Mn.
The planned acquisition would be funded by more private investment from existing investor Carlyle or any other player, apart from debt and company’s own cash accruals.
Back in 2007, @Carlyle_Group1
had invested $10.3 Mn in the company for around 33% stake to boost growth.