IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech...
TCS to acquire GE’s stake in TCS Saudi Arabia
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for $12,471 (about ₹9.13 lakh). In September 2013, TCS announced the creation of an all...
Cognizant to acquire Sydney-based Servian to enhance digital portfolio
Cognizant Technology Solutions Corp. on Monday said it has entered an agreement to acquire Servian, a Sydney, Australia-based, privately-held enterprise transformation consultancy specializing in data analytics...
IT firm Atos makes bid to buy DXC Technology for $10 billion: Report
French IT consulting group Atos SE has made a takeover approach to buy US rival DXC Technology and values the NYSE-listed business at more than $10 billion, two sources with knowledge of the matter told Reuters. Atos is...
TCS buyback: Tata Sons sells shares worth ₹10,000 crore
Tata Sons Pvt Ltd, the holding company of salt-to-software conglomerate Tata Group, has raised about ₹10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services (TCS) in the IT firm’s...
HCL Tech completes acquisition of Australia’s business consulting firm DWS
HCL Technologies on Tuesday completed the acquisition of DWS Ltd, a leading Australian IT, business and management consulting group. DWS has over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane and...
Apax Partners buys 3i Infotech’s software product business for Rs 1,000 cr
IT services firm 3i Infotech on Monday said that the company’s software product business has been acquired by private equity firm Apax Partner for a consideration of about Rs 1,000 crore. The deal values the software...
Wipro and METRO AG sign digital, IT deal
Software services firm major Wipro Ltd on Tuesday announced a strategic digital and IT partnership deal with German wholesaler METRO AG, in a deal that is expected to generate revenue of over ₹1,000 crore per year for...
Infosys and Daimler announces partnership for IT infrastructure transformation in the automotive sector
Daimler and Infosys today announced a long-term strategic partnership for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating...
IBM to buy European cloud startup Nordcloud
International Business Machines will acquire European startup Nordcloud, the latest in a series of acquisitions for the 109-year old firm preparing a mega spin-off to focus on cloud computing. The world’s first big...
Vista Equity inks $3.5 billion deal to acquire Pluralsight
Private equity firm Vista Equity said on Sunday it is has agreed to acquire Pluralsight Inc in an all-cash deal which values the U.S. learning software company at $3.5 billion. The deal is at a roughly 25% premium to...
Australian takeover target Link opens books to SS&C Technologies
Link Administration Holdings said on Thursday it would give U.S. software firm SS&C Technologies Holdings Inc due diligence access, to better its A$3.02 billion ($2.25 billion) offer in the race to buy the...
