Mahindra Satyam, a software services provider, has acquired a majority stake in Complex IT, one of the largest SAP consulting providers, in Brazil. This development marks important milestone in offering Mahindra Satyam’s customers a global delivery capability in Latin America.
This acquisition would focus on developing solutions for the rapidly expanding enterprise solutions market within Brazil. Both, Mahindra Satyam and Complex IT will market proprietary solutions for large manufacturing, financial and consumer services companies.
Further, Satyam's parent company, Tech Mahindra, is looking to make acquisitions to add capabilities and customers. The company acquired businesses, including the back office unit of Hutchison Whampoa and Comviva, an Indian provider of software for telecoms carriers, in this fiscal year.
Company Name | CMP |
---|---|
TCS | 3831.95 |
Infosys | 1488.55 |
HCL Tech. | 1430.80 |
Wipro | 477.35 |
Tech Mahindra | 1370.95 |
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