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Mindtree concludes acquisition of Magnet 360

26 Feb 2016 Evaluate

Mindtree has completed the necessary closing conditions with respect to the acquisition of entire membership interest in Magnet 360 LLC, USA. The company in month of January had acquired Magnet 360 -- a US-based Salesforce consulting partner, for $50 million in an all cash deal.

Mindtree is a global information technology consulting firm specializing in corporate IT services and solutions. It provides services such as Application Maintenance Services, Business Intelligence, Mainframe and System I, Infrastructure Management and Technical Support, etc.


Peers
Company Name CMP
TCS 2069.30
Infosys 990.75
HCL Technologies 1237.80
Wipro 159.80
Tech Mahindra 1545.10
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