Fidelity says to invest $20 mln in Indian data analytics co

August 23
8:32 AM 2012

Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, said on Thursday it will invest about $20 million in Indian data analytics services provider AbsolutData against a minority stake.

The funds would be used to scale up AbsolutData's global delivery footprint to meet demand for advanced and big data analytics, both the companies said in a statement.

This article is copyrighted by Reuters

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