IT major Cognizant on Wednesday announced that it was acquiring the management consulting company AustinCSI for an undisclosed sum. Based in Dallas, Texas, AustinCSI provides consulting services for Fortune 500 clients...
Vista exploring deal to buy Coupa Software – Bloomberg News
Private equity firm Vista Equity Partners is exploring an acquisition of Coupa Software Inc, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of the software firm, which had a market...
LIC increases stake in Tech Mahindra to 6.874%
Life insurance giant in India, LIC has increased its shareholding in Tech Mahindra to 6.874%. Earlier, LIC held 4.863% of the paid-up capital of the IT major. That being said, LIC’s stake in Tech Mahindra has...
Blackstone buys majority stake in R Systems for Rs 2,904 cr
Global firm Blackstone has acquired a majority stake in R Systems International Limited for $359 million (Rs 2,904 crore), said a Blackstone statement. R Systems is a leading provider of Information Technology services...
LTI-Mindtree merger receives NCLT approval
Larsen & Toubro Infotech (LTI) and Mindtree said that they have got clearances to operate as a single company from November 14, marking the closure of an over six-month merger process that is creating India’s fifth...
Happiest Minds Tech’s board approves fundraising of ₹1,400 cr via issuance of securities
IT services company, Happiest Minds Technologies on Wednesday received the board of directors’ approval for fundraising up to a whopping ₹1,400 crore. The fresh capital is likely to be raised through the issuance...
IT management firm DXC receives takeover approach
DXC Technology said it had been approached by a financial sponsor regarding a potential takeover of the IT management company, without disclosing further details. Shares of the company, which has a market capitalization...
KPIT Tech acquires 4 Technica Group companies for ₹640 crore
KPIT Tech on Wednesday announced that its board has approved the acquisition of four of the Technica Group companies with Euro 80 million ( ₹640 crore) fixed consideration to be paid over 6 months. The deal is expected...
Centerbridge weighs $3 billion sale of cloud IT firm Ahead – sources
Private equity firm Centerbridge Partners is preparing a sale of Ahead Inc in a deal that could value the enterprise cloud solutions provider at more than $3 billion including debt, according to people familiar with the...
Nomura Singapore buys 1.25 mn shares of BLS International worth Rs 27 cr
Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction. According to bulk...
Siemens to buy U.S. software company Brightly in $1.58 bln deal
Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said, its latest move to broaden its software credentials and grow faster...
Allsec Technologies to merge with Quess Corp in an all stock deal
Business process outsourcing firm Allsec Technologies will merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal, the companies said in a joint statement on Wednesday. Upon...
