Deals · Updated 21 Oct, 06:00 am IST
Indian IT firms target $20M–$60M Western AI and analytics assets in outbound M&A
Why it matters for readers: It shows how Indian tech firms are expanding abroad to quickly add AI and analytics capabilities.
- Indian IT services companies are seeking acquisitions of firms with $20 million–$60 million in annual revenue to add data engineering, analytics and AI talent and capabilities.1
- Transactions in the $100 million–$200 million valuation range are reportedly in progress as part of the outbound M&A push.1
- Datatonic, a London-based cloud data and AI consultancy, is considering a minority or majority stake sale and has attracted interest from Indian IT firms.1
- Singapore-based platform-as-a-service firm Mystifly has attracted interest in a deal likely to value it at over $100 million.1
- The US, the UK and Western Europe remain primary hunting grounds for these specialist technology asset acquisitions.1
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