Covid-19 is changing how businesses function and, going forward, due diligence on information technology (IT) requirements will be increasingly important for striking mergers and acquisitions (M&As), fund-raising...
US court dismisses class action lawsuit filed against IT major Infosys
Infosys on Friday said a class-action lawsuit filed against the company and some of its employees in the US District Court has been dismissed. The move comes after whistleblower complaints alleging certain unethical...
Covid-19: Infosys partners Rhode Island to launch contact tracing solution
Infosys is partnering with Rhode Island in launching a privacy-first contact tracing solution to help people and state officials slow the spread of coronavirus as part of the state’s effort to safely reopen...
Accenture acquires Byte Prophecy to enhance AI, analytics capabilities
Global technology major Accenture has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, to meet the growing demand for enterprise-scale artificial intelligence (AI) and...
IT firms mull M&As amid chaos
The economic chaos caused by the COVID-19 pandemic may be the right time for IT companies to consider mergers and acquisitions (M&As), the management commentary emerging from India’s top IT companies, such as TCS...
SAP explores sale of digital interconnect business – Bloomberg
Business software company SAP SE is exploring the sale of a subsidiary that helps telecommunications operators route calls and text messages, Bloomberg reported on Tuesday, citing people with knowledge of the matter...
Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts
With valuations coming to a realistic level because of the coronavirus disease (Covid-19)-induced crisis, many IT services firms with sound balance sheets have started exploring the possibilities of acquiring companies...
Blackstone pumps Rs 525 crore in Mphasis to buy more stake
Private equity giant Blackstone Group is consolidating its position in IT services firm MPhasis Ltd by acquiring additional stake, taking advantage of the fall in share price. Blackstone has acquired 4.01% stake in...
Activist investor Starboard says it has 9.3% stake in software firm Commvault
Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased...
Cognizant acquires US-based Lev to expand digital capabilities
In line with its digital strategy, Cognizant Technology Solutions Corp said on Monday it has entered into an agreement to acquire Lev, a privately-held, digital marketing consultancy in the US. “Lev helps businesses...
Almaviva-led consortium interested in Alitalia
Italian information and communications technology group Almaviva said it has expressed interest, along with a group of other IT service companies, in struggling airline Alitalia. The loss-making carrier has been run by...
Infosys closes Simplus acquisition
Infosys said it closed its $250 million acquisition of Salesforce platinum partner Simplus. The Bengaluru-headquartered IT services company announced the deal in February. Infosys made a previous Salesforce acquisition...
