Tech Mahindra advanced 1.80% to Rs 1,426 after its subsidiaries, Healthnxt and Tech Mahindra Americas (TMA) approved merger of Healthnxt with the company. Healthnxt and TMA’s businesses are complementary...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
France’s Atos to sell Worldgrid unit to Alten for about $290 mln
Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten...
Cognizant to acquire US digital engineering firm Belcan for $1.3 billion
Cognizant, the US-based outsourcing services major with a predominantly Indian technology service-delivery footprint, on Monday said it will acquire digital engineering firm Belcan for $1.29 billion (around Rs 10,700...
Blackstone sells 15.1% stake in Mphasis for ₹6,736 crore
Blackstone sold 28.5 million shares in Mphasis Ltd on Monday, amounting to a 15.1% stake, through a bulk deal on the National Stock Exchange. The global investment firm sold shares amounting to ₹6,735.6 crore in the...
Apollo, Kyndryl in bid for DXC Technology, sources say
Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday...
SAP to acquire Israel-based WalkMe
Germany’s software firm SAP said it will acquire WalkMe, a Saas company headquartered in Tel Aviv. Both companies’ boards have approved the transaction for $14 per share, a premium of 45% on WalkMe’s...
Redcentric says in talks for sale to Milan-listed Wiit
British IT services group Redcentric is in the early stages of talks over a sale of the company to Milan-listed Wiit SpA, it said on Friday. The news followed a Reuters report that it was working with investment bank...
HPE’s Communications Technology Group to transition to HCLTech in $225 Million deal
IT giant HCLTech announced on May 23 that it plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash...
Google acquiring HubSpot would bolster bid to challenge Microsoft
Google parent Alphabet’s potential acquisition of HubSpot, a U.S. marketing software maker with a market value of $31 billion, would boost its ability to compete against Microsoft in offering cloud-based...
Hexaware acquires Softcrylic; boosts its data and analytics capabilities
Carlyle Group backed Hexaware Technologies has acquired Softcrylic, a Minneapolis based data consulting firm. While Hexaware didn’t disclose the financials of the deal, the acquisition would boost the mid-tier IT firm’s...
Canarys Expands Global Presence with Strategic Acquisition in North America
Canarys Automations Limited (NSE – Canarys), a stalwart in the realm of digital transformation, embarks on an ambitious journey to broaden its horizons across continents. The company announces its strategic intent to...
