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Tag: Tech Mahindra (page 1 of 4)

Tech Mahindra sets up a dedicated Google Cloud unit

To accelerate the adoption of cloud computing, Tech Mahindra has launched a dedicated Google Cloud business unit. Focused on industry-specific cloud solutions, the unit will balance growth and innovation, ensure scalability and seamless customer experience. With Tech Mahindra already a Premier Partner of Google Cloud, the new unit will further strengthen relations and bring diverse teams together to ensure a superior user experience.

Source: The Hindu Business Line

Microsoft, Tech Mahindra collaboration expands to strengthen hybrid cloud

The collaboration between Tech Mahindra and Microsoft will involve the new Microsoft Azure Stack HCI, to accelerate hybrid cloud transformation. The Azure integration will allow Tech M to maximize profits and value from on-premise investments while securing resources and unlocking new business scenarios for the enterprise. The move comes after Tech Mahindra launched its “Microsoft Business Unit”, aimed at developing enterprise cloud solutions.

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Tech Mahindra looking to reduce dependence on Indian Talent Base

Tech Mahindra is looking to hire from outside of India to cut dependence on the Indian talent base. Having 126,000 employees, the tech giant is looking to widen the talent pool, improve agility to deliver some solutions, and be closer to clients abroad. “India will only provide 60% of the talent base. We expect to do 10% of the hiring in eastern Europe, 15% in Latin America, and 15% in other Asian countries”, CP Gurnani CEO and MD of Tech M said.

India’s local 5G market is booming  

Tech Mahindra, Sterlite Technologies, and the government-owned ITI are among the Indian firms that have developed 5G capabilities. The completion is aggressive with local players like Tata Sons’ subsidiary Panatone Finvest acquiring and controlling share in telecom equipment supplier Tejas Networks. Panatone Finvest will purchase a 43.3 % share in Tejas Networks for Rs 1,850 crore.

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Tech Mahindra, Palo Alto Networks sign security services pact

Tech Mahindra has signed a managed security services provider partnership with Palo Alto Networks. In the deal, Tech Mahindra will create specialized industry solutions for the US-based multinational. Under this joint venture, Tech Mahindra would be able to offer complete visibility and control of the network, endpoint, and cloud security for its clients. The services will also include value-added services.

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Tech Mahindra, TAC security join hands to cater to enterprise security solutions

Tech Mahindra has partnered up with TAC security to develop and provide the next generation of enterprise security to customers globally. AI and user-friendly analytics will be used to measure, prioritize and mitigate weaknesses of the IT system. TAC security’s ESOF will help create cyber risk scores and capture the global market for vulnerability management. It was valued at $12.5bn in 2020 and is expected to grow to $15.5bn by 2025.

Tech M acquires Eventus Solutions Group for Rs 330 cr 

Tech Mahindra, through its wholly-owned subsidiary – Tech Mahindra Inc, has acquired US-based Eventus Solutions Group for Rs 330 cr. The acquisition will strengthen Tech Mahindra’s consulting capabilities in customer experience and management space and help it to build a consulting practice in the BPS business. The transaction is expected to close by June 15, 2021. Eventus has over 100 employees and clocked a revenue of $ 33.2 mn in 2020.

Tech Mahindra acquires hybrid cloud, DevOps services provider DigitalOnUs

Tech Mahindra has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 mn, including retention bonus and earnout. The acquisition will help Tech M to strengthen its hybrid-cloud offerings, cloud-native development, and Site Reliability Engineering automation.  DigitalOnUS is headquartered in California and has a presence in India, as well. It has over 380 employees and posted a revenue of $30.6 mn for the FY ending on 31st Dec 2020.

Top five IT firms to hire 1.1 lakh techies this year

The top five IT firms — TCS, Wipro, Infosys, HCL Tech, Tech Mahindra  — together will hire over 110,000 technology professionals in the FY 2021-22, much higher than the addition of the net job of 90,000 during the last FY. DXC Technology, Mindtree and many other tech firms will also step up hiring in the coming quarters of this FY to manage higher attrition rates. These companies look for talent to execute projects for clients looking to digitally transform their businesses.

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