Cognizant Technology Solutions Corp. has raised its 2021 revenue growth forecast to 5.6-7.6% in constant currency from the 4-7% it had estimated earlier, amid a strong business environment and deal momentum. Revenue for...
Persistent Systems to pursue acquisitions in focus areas in FY22
Mid-size IT services provider Persistent Systems will look at niche acquisition opportunities in this fiscal year, its top executive said. This could be a company that helps expand its capabilities or the geographic...
KPIT to look for acquisitions, improve dividend payout for better cash utilisation
Technology services firm KPIT would go after niche technology acquisitions in the range of $20 million to improve cash utilisation and gain capabilities, CEO Kishor Patil said. The company reported zero debt and its...
Blackstone to buy controlling stake in Mphasis for up to $2.8 billion
Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC...
Tech Mahindra acquires DigitalOnUs for $120 million
IT major Tech Mahindra on Monday said it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about ₹898 crore) to augment hybrid-cloud offerings for enterprise customers globally...
Mid-sized tech company Coforge acquires BPM firm SLK Global for Rs 918 cr
Mid-sized technology services firm Coforge Limited said on Monday that it has acquired SLK Global Solutions Private Limited for Rs 918.3 crore. The acquisition is expected to expand Coforge’s BPM operations...
Microsoft in talks to buy Nuance Communications for about $16 bn: Report
Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, Bloomberg News reported on Sunday. An agreement could be announced as soon...
Reliance Infra sells Santacruz HQ to YES Bank for ₹1,200 crore
Anil Ambani-backed Reliance Infrastructure on Thursday announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank. “Reliance Infrastructure and YES Bank Limited (YES Bank) announced a sale...
Wipro to acquire Australian cybersecurity provider Ampion for $117 million
Wipro on Thursday announced that it has signed an agreement to acquire Ampion, an Australia-based provider of cybersecurity, devops and quality engineering services. According to reports, Wipro will acquire Ampion for...
US tech companies use their expensive stock to pay for acquisitions
Cash may be king, but stock is queen in the land of technology mergers and acquisitions during a pandemic-fueled tech boom. Close to half the U.S. deals in the sector included a stock consideration last year, the...
Cognizant set to acquire German firm ESG Mobility
IT services major Cognizant Technology Solutions Corp. is acquiring Munich, Germany-based ESG Mobility, a digital automotive engineering solutions provider for connected, autonomous and electric vehicles, it said on...
UiPath acquires Cloud Elements to expand automation capabilities
Enterprise automation software company UiPath has acquired Cloud Elements, an application programming interface (API) integration platform, to expand its API-based automation capabilities. “By making automation...
