UST Global is a US-based IT software and services company with majority of its operations in Kerala. Saw this piece of news in "The Economic Times". "Our growth has so far been organic. But, we are open to acquisitions if they have advantages in new technology areas and help us to grow in markets like Europe and Asia. But, they should have a good culture so that it can be smoothly integrated with ours", UST Global CFO Krishna Sudheendra told ET in Chennai. UST Global recently acquired a testing company in Canada and an e-commerce company in the US. Its largest vertical is healthcare, garnering 40% of revenues. The company's strategy has so far been on saving costs by setting up its development centres in Kerala, which still remains a low cost destination compared to Chennai and other major cities. "The Kerala government, through the downturn, has been strict that there should be no layoffs. But, they have been providing us other sops," Mr Sudheendra