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Virtusa units complete acquisition of India-based data security solutions firm

Two Virtusa Corp. subsidiaries based in India on March 16 completed the acquisition of eTouch Systems (India) Pvt. Ltd.

As a result, Virtusa closed its deal for the parent company, eTouch Systems Corp.

On March 12, Virtusa paid $66.0 million to the equityholders of eTouch Systems, and on March 14, paid $14.0 million to the equityholders of eTouch Systems (India), which comprise the first of three tranches of the purchase price to be paid in connection with the closing of the acquisition.