Tech Mahindra has agreed to acquire a stake of 13.8% in AustinGiS, an 5G services and Internet of Things (IoT)-as-a-service provider, for $1.25 million, through its subsidiary Tech Mahindra (Americas) Inc. Based in the US, AustinGiS is said to specialize in providing a wholistic IoT-aaS solution offering. It was incorporated this year and is expected […]
Indian IT services provider Tech Mahindra said that it has expanded its collaboration with Microsoft for strengthening its hybrid cloud capabilities. According to Tech Mahindra, the collaboration aims to tap Microsoft Azure Stack HCI, a new hyperconverged infrastructure (HCI) solution, for fast tracking hybrid cloud transformation, build enterprise resilience, and consolidate virtualized workloads. Talal Alqinawi […]
Tech Mahindra has reported a 39.2% growth in its profit after tax (PAT) for the first quarter of the fiscal year 2022 (Q1 FY22) at INR 1,353 crores ($183.2 million), compared to INR 972 crores ($130 million) in the same quarter of the previous fiscal year. The diluted earnings per share (EPS) of the Indian […]
Tech Mahindra said that it will acquire New Jersey-based IT services company Brainscale through its fully-owned subsidiary Tech Mahindra (Americas) for a sum of up to $28.8 million. The consideration includes earnouts. Brainscale is a cloud-focused company specializing in cloud consulting, enablement, application development, and data analytics. Incorporated in 2007, the IT services company headquartered […]
Tech Mahindra, through its fully-owned subsidiary – Tech Mahindra (Americas), has sanctioned the proposal to acquire Eventus Solutions Group in a deal worth up to $44 million. The consideration includes earnouts. Based in Denver, Colorado, Eventus Solutions Group is a business process services provider. The company provides end-to-end customer engagement solutions, which include strategy consulting, […]
Tech Mahindra has agreed to acquire DigitalOnUS, a California-based hybrid cloud and DevOps services provider, for up to $120 million in cash. The consideration includes retention bonus and earnout. The acquisition will bolster its cloud-native development, hybrid cloud infrastructure and Site Reliability Engineering (SRE) automation, said Tech Mahindra. DigitalOnUS, which has a workforce of over […]
Indian IT services provider Tech Mahindra said that it will bear the Covid-19 vaccination cost for all its employees across the world. The company said that the initiative is aimed towards the safety and well-being of its more than 121,900 employees across 90 countries from the emerging second wave of the coronavirus pandemic. Tech Mahindra […]
Tech Mahindra has been selected by German telecommunications provider Telefonica Germany / Oz to drive its end-to-end IT transformation. Through the digital transformation partnership, Tech Mahindra will support the German firm to come up with faster product launches and offer a more ‘human centered’ experience to its customers in the mass market segment. Last August, […]
Indian IT company Tech Mahindra has appointed Milind Kulkarni as the Chief Financial Officer (CFO) with effect from 2 April 2021. Milind Kulkarni will replace the current Tech Mahindra CFO Manoj Bhat, who will assume the role of Group Chief Financial Officer at M&M Group as part of the group’s leadership rotation strategy. CP Gurnani […]
Indian IT company Tech Mahindra and German software company SAP have expanded their partnership to provide Intelligent Enterprise for customers across the world. Tech Mahindra said that it has become a global strategic service partner of SAP, joining a select group of consultancies working with the German firm. The parties expect to tap into their […]