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LODESTONE ACQUISITION
Tech Mahindra acquires Lodestone, WMWTech Mahindra will pay total consideration of up to $105 million, including earnouts.- Infosys' V Balakrishnan gets bigger role, replaces BG Srinivas as Lodestone chairmanInfosys confirmed that Balakrishnan replaced Srinivas recently, but denied any challenges at Lodestone, which it bought in September for $3...
- Infosys doubles its new clients in Q3 compared to previous quarterInfosys more than doubled the number of new clients it added during the three months to December 2012.
- Infosys on major austerity drive, defers joining dates of 1700 recruitsS D Shibulal, has sent a mail to employees saying that the company's expenditure for the year had risen too high on account of its Lodeston...
- No end to HCL and Infosys' war of words over British firm AxonThere seems to be no let-up in the war of words between Infosys and HCL that was triggered by bidding battle for Axon four years ago.
- BofA-ML sees 20% upside potential in Infosys, upgrades to ‘buy’BofA-ML believes that for the coming quarter Infosys should report results which are in line with or better than expectations on better dea...
- Lodestone deal for Rs 1,932 cr is Infosys' biggest buyThe revenue boost will help Infosys stay ahead, for the time being at least, of nearest rival Cognizant Technology Solutions.
- After Lodeston buyout, what Infosys should do to impress marketsAt $345 mn, Infosys' acquisition of Lodestone, a European IT consultant, is its costliest ever. The purchase seems to make sense: it will i...
- Why Lodestone may not be able to alter the immediate harsh realities for InfosysInfosys would not be able to influence its current situation at least in the near term on several counts.
- Lodestone is perfect fit to Infosys: SD ShibulalAfter the Lodestone acquisition, Infosys CEO Shibulal seeks to dispel the perception that IT major is conservative.
- Infosys BPO to buy US-based BPO unit of Marsh & McLennanThe acquisition, which would add about $10-12 million in incremental annual revenue for Infosys BPO, would involve taking over of about 87 ...
- Lodestone buyout: Has Infosys paid a tad more in return compared with HCL Tech-Axon deal?The deal looks marginally expensive, considering that Infy paid 1.6 times Lodestone's latest annual sales of over $211 mn.
- Lodestone acquisition can help to transform Infosys: Constellation ResearchThe research firm estimates Infosys' revenue from enterprise software, SAP, will be $ 1 billion post merger.
- Lodestone acquisition in line with Infosys' strategic choices: SD Shibulal, InfosysThe Lodestone acquisition which was announced today is very much in line with the strategic choices made 12 to 18 months back, says SD Shib...
- Lodestone acquisition by Infosys likely to be accretive in few quarters: Dipen Shah, Kotak SecuritiesThe acquisition will enable Infosys to increase the depth of its expertise and also help it in penetrating the existing clients more, apart...
- Lodestone to be bought by Infosys: Five ways in which the deal will helpWhile it’s still too early to say how Infosys buying Lodestone will play out, there are some immediately visible benefits. We list five of ...
- Lodestone deal much needed inorganic booster for Infosys: Prabhudas Lilladher"The acquisition is a positive for the company and will enhance its consulting and system integration practice," says Shashi Bhusan, Prabhu...
- Lodestone's $350 million acquisition to help Infosys: AnalystsAniruddha Mehta of IIFL said that the Lodestone acquisition will boost Infosys’ footprint in Europe and give a filip to Infosys’ healthcare...
- Lodestone to be acquired by Infosys for $350 millionInfosys has reached a definitive agreement to acquire SAP implementation and management consultancy Lodestone, for about $350 mn.
- HCL Axon's president Steve Cardell says Lodestone not an attractive buy"HCL did look at Lodestone in the past. The company has been on sale for quite a while. But it never got really close," said Steve Cardell.
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