IT Firms Are on an Acquisition Spree as They Chase Changing Consumer Needs | In the News

Information Technology firms are on an acquisition spree amid the pandemic. Indian IT firms have already acquired four companies between April and September and have expressed intent to acquire in the coming quarters.

Peter Bendor-Samuel, CEO, Everest Group, an IT consultancy firm, said, “As more and more of IT budgets move to SaaS, the importance of services focused on these critical platforms increases. GuideVision and 4C are great examples of boutique firms focused on SaaS platforms.”

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