INFOGAIN ACQUISITION

Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value ...

Institutional shareholding in IT services companies listed in India has also increased — by 9% for large-cap players, and 16-18% for mid-cap and small-cap firms over the last 12 months.

Singh will be moving permanently to London, the sources added. He joined Apax in 2004 in its London office and moved to the India office in 2007 and took charge after Neeraj Bharadwaj left the firm for Carlyle Group in 2013.

The Silicon Valley-headquartered digital platform and software engineering services company is also actively scouting for acquisitions, Dayapatra Nevatia, president and chief operating officer of Infogain told PTI.

Apax is looking to acquire up to 40% stake primarily from the two existing investors - Advent International and Bain Capital - valuing the company at $2.1 billion. The two funds together own around 33% of the company. Singapore's investment firm GIC...

One more global private equity fund might also make the cut as existing investors Advent International and Bain Capital, which together own around 33% of the company, are looking to monetise their five-year-old investment. Singapore's investment fir...

Across B2B universe, blockchain technology is seeing greater adoption despite the question marks given its linkage to cryptocurrencies. Romita Majumdar charts the tech’s future and finds out why Big Tech and startups alike are logging into it.

Flipkart CEO Kalyan Krishnamurthy said at a recent offsite that the company was looking at an IPO around this time next year.

This is the company’s fourth acquisition since 2019.

Tata Consultancy Services (TCS), Persistent Systems and Infogain Corp. are staggering their intake of freshers through the year in order to be more responsive to the changing business environment amid a raging pandemic.

Infogain is already in preliminary talks with a few companies, said chief executive Ayan Mukerji. The firm is focusing on digital innovation, platform innovation and platform foundation, and on creating human-centric solutions.

Tata Consultancy Services has been selecting trainees through its National Qualifier Test (NQT) for the last few years. “While we continue to induct majority of talent from campuses at the beginning of the year, now that we have NQT being conducted ...

The first half (January-June) of 2021 saw investments of $27.1 billion (across 442 deals) in the first half of 2021 compared to $20.4 Billion (across 433 deals) during the same period last year, data from research firm Venture Intelligence, shows.

The deal where Apax will buy about 70% stake, values Infogain at about $570 million. Homegrown PE fund Chryscap owns a controlling stake in Infogain.

The acquisition gives the company access to Absolutdata’s NAVIK AI platform and access to new verticals, said Infogain COO Ayan Mukerji.

Infogain works to help accelerate the delivery of digital customer engagement systems through the cloud, microservices, robotic process automation and artificial intelligence.

We have 4000 people and very large percentage of engineers are in our four centers in India. The largest is in Noida and our second largest office is in Bangalore, said Sunil Bhatia.

The deal highlights the growing sense that small IT companies will likely have to merge with other firms as they look to grow in a tough market.

Blue Star Infotech Ltd (BSIL) said Infogain Inc, a ChrysCapital portfolio company, will acquire its IT business for Rs 180.80 crore. The combined entity will have revenue of over $150 million, close to 4,000 employees and multiple global delivery ce...