Wireless Info Tech Acquired by VanceInfo
Gregory T. Huang9/30/08
San Diego-based Wireless Info Tech, a mobile testing and applications company, has agreed to be acquired by Beijing, China-based VanceInfo, an IT services provider and software development firm. The deal is worth $1.08 million in cash plus restricted stock. It is seen as a strategic move that could strengthen VanceInfo’s position in the U.S. mobile market.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
