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Infosys on Monday announced the acquisition of US-based software automation technology firm Panaya for $200 million in an all-cash deal. This is the software major’s first acquisition after Vishal Sikka took over as the CEO in August last year. Panaya is…
Read More Infosys’ Panaya Buy Furthers Vishal Sikka’s New Tech, Automation Bets
Infosys will acquire US-based automation technology company Panaya for $200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after Swiss consulting company Lodestone, which it bought for about $350 million (Rs 1,932 crore)…
Infosys, on Monday, announced that it had signed a definitive agreement to fully acquire U.S.-based automation technology provider Panaya for an enterprise value of $200 million. This is the company’s second largest acquisition after it acquired Zurich-based consulting company in 2012…
Read More Infosys Acquires Automation Tech Firm Panaya For $200 Million
In keeping with its new chief executive officer, Vishal Sikka’s vision of being more digital and introducing more automation, India’s second-largest software services exporter Infosys Ltd said on Monday it will buy automation technology company Panaya Inc. for about $200…
Read More Infosys To Buy US Automation Tech Firm Panaya For $200 MN
Infosys today announced that it will be shelling out $200 million for a little known US-based firm Panaya that is a privately held company backed by venture capital firms like Benchmark Capital, Hasso Plattner Ventures and Battery Ventures. "The acquisition of…
Read More $200 Mn Well Spent? 3 Reasons Why Infosys Buying Panaya Makes Good Sense
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
The National Association for Software and Services Companies expects Indian IT exports to grow 12-14% in FY16, after the industry marginally missed its growth forecast for the current financial year. The projected growth is slower than last year, raising concerns on…
Read More Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
Google has taken its Android One initiative outside India with a launch in Indonesia in partnership with Spice Mobility's local brand Nexian and two other handset makers, Evercoss and Mito. This comes at a time when the US search giant's Indian…
Read More Google Takes Android One Outside India, Launches Handset In Indonesia
When Satya Nadella was named to head Microsoft Corp. on 4 February last year, there were expectations that he would boost its already strong enterprise business and research and development units in Hyderabad and Bengaluru, given his Indian roots and…
Read More What Satya Nadella’s Year In Charge Meant For Microsoft’s India Unit
When Jack Ma visited India in November, he said he was keen to do business with companies here. In just two months, the Chief Executive Officer of Alibaba has made good his intention by taking a 25 per cent stake…
The Indian workplace is changing quickly, with technology at the centre of the change. Cloud computing is no longer a technology buzzword tossed around in company corridors. It’s mainstream now than ever before and to be on the cloud is…
One does not really associate names like Jaguar Land Rover, a British automotive company; or Mars, an American confectioner, with Saudi Arabia. For years, Saudi Arabia has become synonymous with oil. And it is not surprising considering that around 80%…
In a widely anticipated move, Microsoft announced last week that its newly launched operating system, Windows 10, will be provided as a free upgrade to the users of Windows 7, Windows 8.1 and Windows Phone 8.1. Terry Myerson, Executive Vice President,…
With the resumption of the discussions on Social Security Agreement and Bilateral Investment Agreement finding pride of place in Prime Minister Narendra Modi's announcements at the joint press meet with visiting US president Barack Obama, the country’s IT sector is…
Read More Indian IT Industry Mood Lifts on Totalisation Pact
US-based outsourcing solutions firm IGATE today reported a 14.8 percent growth in net profit at USD 38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And then get snapped up by one of…
Read More Twitter’s acquisition of ZipDial: Good times are ahead for Indian startups
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by…
Read More Desi startups : dont Look now, but global biggies are checking you out
Nasdaq-listed software services exporter iGate Corp. reported a 14.8% rise in December quarter net profit, missing analyst expectations as gross margin narrowed. A Bloomberg poll had estimated a net profit of $44 million on revenue of $330.2 million. The company…
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by…
Read More Desi startups: Don’t look now, but global biggies are checking you out : Firstpost
How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by…
Read More Desi startups: Don’t look now, but global biggies are checking you out
Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…
Read More Mindtree Q3 profit up 58.5%, beats market expectations
If Google Glass could sing, it would be singing Pink Floyd's Learning to Fly today. Google has announced that it's time for Glass to grow out of its baby steps and put on their big kid shoes. In other words,…
Read More Google Glass in suspended animation: but will it see new life at the workplace?
Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…
Read More Mindtree Q3 profit up 58.5%, beats market expectations
Mindtree has reported good third quarter profits and is confident that it will beat the upper band of Nasscom’s 13-15 per cent guidance for this financial year. The Bengaluru-based mid-size company posted a net profit of 140.8 crore in the…
