"I have not targetted any specific company yet but the idea is to acquire an Indian company which writes software," said Arthur Allen, ASG chief executive officer and founder of the compamny which specialises in enterprise solutions.

"By acquiring such a firm one can set up a best-of-breed development centre in India. In other parts of the world we operate the same way," Allen told reporters in India's technology hub of Bangalore.

ASG plans to set up sales offices in Bangalore and Bombay soon, he said.

"Very soon India will not only be a major technology contributor but also a technology consumer. We believe there is a great opportunity," he said.

The privately-held ASG was founded in 1986 and has more than 45 offices in the US, Europe, Middle East, Africa and Asia-Pacific. It has 7,200 customers and clocked revenues of about 200 million dollars last year.

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