Chennai, Oct 15 - Polaris Software, which caters to the banking, financial services and insurance space, is acquiring Laser Soft Infosystems, a competitor, for Rs. 52 crore in a cash deal.

The Rs. 1,377 crore Polaris officially intimated the deal in a regulatory filing with the bourses Thursday. Promoted by Suresh B. Kamath, Laser Soft also offers a wide range of solutions to the banking industry. (IANS)