Tech Mahindra takes over DigitalOnUS in a $120 million deal
Information technology and business process outsourcing firm Tech Mahindra recently announced the acquisition of 100% stake in California based hybrid cloud services provider, DigitalOnUS. The move is a part of Tech Mahindra’s plan to strengthen cloud-native development, Site Reliability Engineering (SRE) and hybrid cloud infrastructure. As per the regulatory filing by Tech Mahindra, the deal is valued at up to $120 million and is inclusive of retention bonus and Earnout. The company will further acquire DigitalOps Technology, the Indian subsidiary of DigitalOnUs. Tech Mahindra Americas will reportedly buy all the other legal entities of DigitalOnUs. The move underlines the IT behemoth’s emphasis on digital growth and is a part of NXT.NOW framework focused on leveraging next-gen technologies to enable the delivery of disruptive solutions ‘today’. The takeover of DigitalOnUs will significantly enhance the firm’s hybrid-cloud offerings and help meet the dynamic and evolving needs of its ...