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XORIANT ACQUISITION
PE-backed digital engineering services firms turn to M&A deals in search for scaleWith a receptive market for IPOs and a significant expansion of the market for digital engineering services—beyond traditional software dev...- Qcomm dials up gig-workers; Spiritual apps go offlineHappy Wednesday! Quick commerce platforms are increasing their onboarding of last-mile gig workers. This and more in today's ETtech Morning...
- IT services firm Xoriant acquires TestDevLab to deepen European footprintThough the deal size was not mentioned, TestDevLab has an annual revenue of $30 million. The Latvia-based software quality engineering firm...
- ChrysCapital-backed Xoriant appoints former LTIMindtree executive Rohit Kedia as new CEOMeanwhile, Kedia served as the chief growth officer at LTIMindtree, where he served more than eight years, including seven years at L&T Inf...
- Silver lining amid funding winter: IT firms acquiring Indian startups, smaller firmsMost of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in ...
- Xoriant makes third acquisition with Jaipur-based FexleChrysCapital-backed Xoriant aims to elevate its Salesforce practice, advance AI capabilities and optimise data utilisation by integrating F...
- General Atlantic, TPG Capital, two other PEs in race for AltimetrikAltimetrik has offices in over 20 locations, six of them in India, with more than 80% of its workforce based in the country. The company ha...
- Xoriant acquires MapleLabs to expand its platform engineering capabilitiesConsulting and IT services firm Xoriant, backed by ChrysCapital, acquires MapleLabs Inc to enhance platform engineering, product ideation, ...
- Chryscapital-backed Xoriant hires LTIMindtree's Mukund Rao to lead global marketsBased in the US, Rao was the chief business officer of the banking, financial services and insurance (BFSI) vertical at LTIMindtree (with M...
- IT sector drives strong PE interest; Dunzo delays June-July pay yet againData shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as inve...
- Indian IT drives PE interest despite global headwindsInstitutional shareholding in IT services companies listed in India has also increased — by 9% for large-cap players, and 16-18% for mid-ca...
- IT services provider Xoriant acquires Bengaluru-based consulting firm ThoucentricThoucentric, set up in 2015, has been working with companies in the global consumer and packaged goods (CPG) industry, new-age tech and sta...
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