The Quadrant View

Securitas has acquired Protection One for around MSEK 735 on a debt-free basis. With this deal, Securitas will leverage Protection One’s customized client solutions to better serve its own clientele. Securitas, the globally acclaimed intelligent protective services partner, has made it to the headlines for its proposed interest in acquiring Protection One, the electronic security company based in Germany. As per reports, this takeover is in line with Securitas’s strategy of increasing the scale of its security solutions and electronic security sales to twice the current number, by 2023. The acquisition is also expected to improve the company’s protective services capabilities in Germany. Sources claim that Securitas purchased Protection One for around MSEK 735 (MEUR 72), on a debt-free basis. For the unversed, Protection One is reputed to be a market leader in Germany and deals with electronic security and remote technology-centric security solutions. In 2020, the company’s annual s...

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 ...