InvestorQ : What is the synergy in Tech Mahindra acquiring DigitalonUS?
Sam Eswaran made post

What is the synergy in Tech Mahindra acquiring DigitalonUS?

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Moii Chavate answered.
3 months ago
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Tech Mahindra which is part of the Anand Mahindra group, has completed the acquisition of DigitalOnUS, for $120 million or approx. Rs.900 crore in Indian currency terms. DigitalOnUs is a hybrid cloud and DevOps which services and caters to enterprise customers globally. The target company has full year revenues of $31 million and employs 380 people on its rolls.

DigitalOnUS is also trying to Tech Mahindra’s ability in cloud native engineering and digital solutions. Even for DigitalOnUS, the strength of Tech Mahindra’s balance sheet gives them room and ammunition to grow. Founder Suri will continue to play a key role. After all, Tech Mahindra is a key player in the software market and today and its strong balance sheet will allow the target company to play aggressively.

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