NetGuru to Purchase Stake in Indian Firm

NetGuru Inc., a Yorba Linda provider of information technology services, said Wednesday that it has signed a tentative agreement to acquire a 30% stake in an Indian company for about $2.2 million in cash.

NetGuru said in a press release that it expects to complete its purchase of stock in Vital Communications Ltd. in New Delhi by the end of May.

After the deal closes, Vital Communications is expected to transfer a majority of its 10,000 online customers to the NetGuru Internet service network and will represent and sell NetGuru’s Internet services exclusively.