Private equity firm Carlyle Group has emerged as a probable frontrunner to acquire Mphasis Ltd. from Blackstone Group, in what could be the largest buyout in the Indian IT space, according to people familiar with the...
Gibraltar Tech buys HCL arm for ₹147 crore
UAE-based Gibraltar Technologies (GT) has acquired HCL Infotech Ltd, part of India’s HCL group, for 74.6 million dirhams (about ₹147 crore). As part of the deal, the AI-based digital solutions company will absorb the...
Wipro signs 5-year partnership with Telefónica Germany / O2
Information technology firm Wipro Ltd on Monday said it has signed a five-year strategic partnership with O2, the commercial brand of Telefónica Germany, a provider of mobile telecommunications, broadband and landline...
Atos ends talks with DXC for a potential acquisition
French technology services and consulting firm Atos has ended talks with New York-listed rival DXC about a potential acquisition. Atos had last month proposed to acquire DXC, an IT services firm formed by the merger of...
French IT firm Atos, U.S. rival DXC end deal talks
French IT consulting group Atos SE and U.S. rival DXC Technology Co said on Tuesday they have decided to discontinue talks about a potential acquisition. Reuters reported in January, citing sources, that Atos made a...
Happiest Minds acquires Pimcore Global Services for $8.25 million
Happiest Minds Technologies Ltd will acquire US-based Pimcore Global Services for USD 8.25 million (about Rs 60 crore). Houston-based Pimcore Global Services is a digital e-commerce and data management solutions company...
UK’s competition watchdog begins probe into Facebook’s Giphy deal
UK’s competition watchdog on Thursday launched its initial investigation into Facebook Inc’s completed acquisition of GIF website Giphy, at a time when the social media network is under global regulatory scrutiny over...
Wipro completes ₹9,500-crore buyback programme
Wipro on Saturday said it has completed its ₹9,500-crore share buyback programme. The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about ₹9,156 crore during the process, a regulatory...
FutureTech completes acquisition of big data firm Ellicium Solutions
US-headquartered IT services firm FutureTech Holding Company today announced that it has completed the acquisition of Ellicium Solutions, a Pune-based big data and artificial intelligence company. The financial terms of...
Google completes Fitbit acquisition for $2.1 bn amid antitrust concerns
Google has completed its USD 2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while US government regulators pursue an antitrust case aimed at...
Cognizant buys out Linium, Servian to mark 11 acquisitions in 12 months
Cognizant Technology Solutions on Monday announced it is buying out Servian and Linium — taking the total number of such acquisitions to 11 over the past 12 months. Linium is a cloud transformation consultancy group...
Infosys to acquire assets, onboard employees of Australia’s Carter Digital
IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency. “This asset takeover strengthens Infosys’ global design...
