Wireless Info Tech Acquired by VanceInfo

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 Editor in Chief. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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