Infogain Corp, the Silicon Valley-based digital platform and software engineering services firm backed by ChrysCapital, has begun preliminary talks with private equity funds and strategic investors to sell a controlling...
Accenture to acquire Nell’Armonia, Novetta
Global technology major Accenture said it has entered an agreement to acquire Paris-based technology consulting firm Nell’Armonia to strengthen its position in the enterprise performance management (EPM) market...
TCS completes acquisition of GE’s stake in TCS Saudi Arabia
IT major Tata Consultancy Services (TCS) on Thursday said it has completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia. In January this year, TCS had said it will acquire GE’s...
Tech M&A in Asia at record high, main deal driver in the region -industry data
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual...
Accenture bets on acquisitions to bolster cloud biz
Accenture is betting on acquisitions to expand its cloud business which grew in double-digits for the second quarter ended 28 February. Accenture’s fiscal year ends 31 August. The IT consulting giant formed the Cloud...
Persistent Systems to acquire Sureline Systems for $2.5 million
Persistent Systems Ltd has entered an agreement to acquire select assets and employees of Sureline Systems for a maximum purchase consideration of $2.5 million, the company said in an exchange filing. The acquisition is...
Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr
Mid-cap IT services player Mindtree said it has signed an agreement to acquire the NxT Digital Business, the cloud based IoT and AI platform for Industry 4.0 of L&T Group for a consideration of Rs 198 crore. The NxT...
IBM to acquire Salesforce partner Waeg
IBM said on Tuesday it would buy Waeg, a consulting partner for Salesforce, in a deal that will extend its range of services and support its hybrid cloud and artificial intelligence strategy. The deal to acquire Waeg...
Zensar Technologies signs agreement to acquire US-based M3bi
Zensar, an RPG company, has entered into a definitive agreement to acquire M3bi, a Scottsdale, Arizona-based data engineering and digital engineering firm. This acquisition will be completely funded by internal accruals...
IBM Corp. gets competition commission nod for internal restructuring
Competition Commission of India (CCI) has granted deemed approval to IBM Corp. for an internal restructure that covers its India business, under a fast-track clearance provision. An official statement from the...
Baring PE Asia offloads 3.14% stake in Coforge for ₹616 crore
Baring Private Equity Asia (BPEA) on Monday sold a 3.14% equity stake in IT services firm Coforge Ltd, aggregating to ₹616 crore via an open market transaction. Hulst BV, an entity controlled by Baring, sold 19 lakh...
Mid-size IT firms gear up for acquisitions to use cash, boost skills
Mid-size IT services providers are expected to step up mergers and acquisitions this year, as these cash-rich firms chase higher growth on the back of a robust 2020-21 financial year, led by increased client spends on...
