iNDICA NEWS BUREAU-
The Indian IT major Tech Mahindra announced that the company approved the proposal to acquire 100% equity shares in the Allyis India Private Limited and the company’s wholly-owned subsidiary viz., Tech Mahindra (Americas) Inc approved the proposal to acquire 100% equity shares in Green Investments LLC.
Allyis India Pvt Ltd and Green Investments LLC, the holding company for Allyis Group, is headquartered in Seattle, USA and has more than 660 employees.
Tech Mahindra will pay total consideration of up to $125 million including employment-related and performance-related earnouts.
“The acquisition will bolster Tech Mahindra’s capabilities in: Digital Experience Solutions: Learning & Development, Marketing, Instructional Design; Engineering: Cloud & Automation, BI & Analytics, Technical support services,” the IT giant said in an exchange filing today.
Allyis offers technology consulting and managed services that help organizations reduce costs, improve performance, and meet their unique objectives.