Cognizant Technology Solutions Corp. has posted an 11.5% growth in March quarter net profit to $563 million, and revised its full-year revenue growth guidance for 2022 to 9-11% in constant currency terms. In an...
Chipmaker MaxLinear to buy Taiwan’s Silicon Motion for about $4 bln
Chipmaker MaxLinear Inc said on Thursday it will buy Taiwan-based Silicon Motion Technology Corp for nearly $4 billion in a cash-and-stock deal, creating one of the largest fabless semiconductor suppliers in the world...
Acquisitions in underpenetrated spots, not looking at small targets: Wipro CFO Jatin Dalal
IT services provider Wipro will continue to acquire companies in “spots” that are underpenetrated and look at only large targets that can be scaled up, chief financial officer Jatin Dalal told ET. The Bengaluru-based...
L&T Infotech and Mindtree merger to start on strong foundation: Analysts
With the buzz on merger of L&T Infotech (LTI) and Mindtree getting stronger, analysts believe that the merged entity will start on a strong foundation of growth as the combined total contract value (TCV) of both...
Cyient To Acquire Singapore-based Grit Consulting For $37 Million
Cyient Ltd. said on Thursday it is set to acquire Singapore-based Grit Consulting for a total consideration of $37 million, to strengthen its technology consulting practice and gain access to new customer portfolios...
Wipro to acquire SAP Consulting firm Rizing for $540 million
Wipro said today that it will acquire SAP consulting firm Rizing Intermediate Holdings Inc for $540 million in an all cash deal, marking the Bengaluru-based company’s second acquisition this month. The transaction...
Infosys completes acquisition of digital marketing firm Oddity
Infosys today announced that it has completed the acquisition of Germany-based digital marketing agency Oddity. This follows the announcement the company made last month. The acquisition further strengthens Infosys’...
Larsen weighs merging Mindtree & L&T Infotech into a $22 billion firm
Larsen & Toubro Ltd. is weighing a merger between two of its publicly traded software firms, according to people familiar with the matter, as the Indian conglomerate seeks scale to compete with global digital giants...
Zendesk working with Qatalyst on its potential sale – source
Software company Zendesk Inc has hired advisory firm Qatalyst Partners to explore a potential sale, a source familiar with the matter told Reuters on Monday. Zendesk declined to comment and Qatalyst did not immediately...
Wipro acquires consulting firm Convergence for $80 million
Wipro has acquired Convergence Acceleration Solutions (CAS), a US-based consulting and program management company that specialises in driving large-scale business for Fortune 100 communications service providers, the...
AMD to buy cloud startup Pensando for $1.9 billion in data center push
Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. AMD...
Telecom Italia, CDP start network talks as KKR bid falters
Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of smaller broadband rival Open Fiber...
