Automotive and mobility ecosystem focused IT services player KPIT Technologies announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. The total value of the acquisition will be around...
Google’s Russian subsidiary to file for bankruptcy after bank a/c seized
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google...
Capgemini To Acquire Chappuis Halder To Expand Consulting Expertise In Financial Services
French IT services major Capgemini said on Monday it has entered into a share purchase agreement to acquire Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm specialising in...
HCL Tech to buy digital banking, wealth management specialist Confinale
HCL Technologies UK, a wholly-owned subsidiary of HCL Technologies (HCL), has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting...
What LTI-Mindtree merger means for two IT firms, their existing investors
The LTI-Mindtree merged entity offers strong long-term prospects and analysts feel it could enjoy a premium to larger peers Infosys and TCS. But near-term risks are high, they said, especially with Sanjay Jalona leaving...
Cognizant Plans To Make Fewer Acquisitions This Year
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’...
