Mindtree acquires 2 Companies from UK and US
Mid-tier IT services company Mindtree has acquired two companied from United States and United Kingdom. Acquired companies are in BlueFin Solutions Ltd of UK and Relational Solutions Inc of US.
In this regard Mindtree has signed a definitive agreement to acquire 100% equity interest in BlueFin Solutions Ltd with cash transaction of 419 crore rupees. Bluefin acquisition is part of its latest strategy to strengthen presence in the European market.
While, it has acquired Relational Solutions Inc, in an all cash transaction for 63.5 crore rupees in which is specialised in technology services.
Mindtree is a multinational IT and outsourcing company founded in 1999. It is headquartered in Bengaluru and New Jersey. Presently, it has more than 200 clients and offices in 14 countries and has major markets are US and Europe.
Month: Current Affairs - July, 2015