Tata Consultancy Services Ltd (TCS), Asia’s biggest software exporter by market value, is in advanced talks to acquire a technology services unit of Deutsche Bank AG, people with knowledge of the matter said. The...
Wirecard North America sold to Syncapay in deal backed by Centerbridge, Bain
U.S. firm Syncapay Inc has bought the North American unit of German payments company Wirecard AG, Wirecard’s insolvency administrator said on Thursday. The deal is backed by private investment management firm...
Australia’s Link turns down Carlyle-Pacific Equity bid, says open to talks
Link Administration Holdings on Friday rejected a takeover offer of A$2.76 billion ($1.96 billion) from private equity firms Carlyle Group and Pacific Equity Partners, but said it was willing to continue talks over the...
Zensar divests its non-core global Third Party Maintenance business
Zensar, a digital solutions and technology services company, on Monday said it has entered into an agreement with Service Express LLC to divest its global Third Party Maintenance (TPM) business. This is in line with...
‘Acquisitions will be part of HCL’s growth strategy’
IT firm HCL Technologies Ltd recorded a September quarter net profit growth of 7.4% sequentially and 18.5% year-on-year to ₹3,142 crore. In an interview, C. Vijayakumar, president and CEO, HCL Technologies, spoke about...
IT services firms follow acquisitions path to grow cloud biz
Top IT services companies are increasingly acquiring smaller cloud firms as a strategy to grow their cloud business, which has accelerated as clients embraced digital transformation during the pandemic. These...
Tech Mahindra signs agreement to form joint venture with Sumitomo Corp
IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector, a company official said on Friday. Both...
Nxtra Data shares issued to Carlyle affiliated entity post CCI nod: Airtel
Bharti Airtel on Thursday said shares of its subsidiary Nxtra Data have been issued to CA Cloud Investments, an affiliated entity of Carlyle Asia Partners, following CCI nod to the recently-announced deal. On July 1...
IT company Persistent Systems to acquire Palo Alto-based Capiot
IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot. Under the deal, Persistent Systems Ltd India (PSL) will acquire 100 per cent shares of Capiot Software – the Indian subsidiary of...
Wipro to acquire Eximius Design for nearly ₹586.3 crore
IT services major Wipro on Tuesday said it will acquire engineering services company Eximius Design for $80 million (about ₹586.3 crore). In a regulatory filing, Wipro said the purchase consideration is $80 million...
Infosys completes acquisition of US-based firm Kaleidoscope Innovation
IT services major Infosys on Monday said it has completed the acquisition of US-based product design and development firm Kaleidoscope Innovation. On September 3, Infosys had announced that it will acquire Kaleidoscope...
Infosys inks pact to acquire Blue Acorn iCi for around Rs 915 crore
IT services major Infosys on Thursday said it has inked a pact to acquire Blue Acorn iCi, a digital customer experience, commerce and analytics services provider, for up to $125 million (about Rs 915 crore). The move...
