IT services firm Tech Mahindra announced that it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for a total consideration of up to $120 million, including retention bonus and earnout. The acquisition will help augment its hybrid-cloud offerings for enterprise customers globally and strengthen cloud-native development, hybrid cloud infrastructure and SRE (Site Reliability Engineering) automation. The transaction is expected to close by May 15.
Vivek Agarwal, President- Corporate Development, BFSI and HLS, Tech Mahindra, said, “The acquisition of DigitalOnUs marks an important milestone in Tech Mahindra’s growth journey, and will further enhance our capability in cloud native engineering, and better equip us to develop cutting-edge digital solutions for our customers. scaling up near shore delivery capability, with majority in Mexico and Canada will be critical to execute digital transformation programs.”
Headquartered in San Jose, California, the company also has a presence in India. It has over 380 employees and posted revenues of $30.6 million for the financial year ending 31st December 2020.
Tech Mahindra will leverage DigitalOnUs expertise to build multi-cloud platforms, modernize IT security and unlock the cloud operating model for enterprises to accelerate their cloud modernization journey.
Suri Chawla, Founder and CEO, DigitalOnUs, said, “The acquisition by Tech Mahindra represents an important step in DigitalOnUs’s growth journey as it provides our organization and its people with extensive global reach and customer access to scale and tap into many more significant opportunities. Our team at DigitalOnUs is looking forward to being a part of Tech Mahindra and continuing to offer innovative, agile and industry leading services to our current and future customers.”
Chawla will play a key role as part of the company’s North America leadership team to further drive the digital transformation journey for its customers.
(Except for the headline, this story has not been edited by TTE staff and is published from a syndicated feed.)
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