How much global company Infosys is, I mean perception wise, even in its own country? How urgent is the need to acquire a global brand not only to mash its image up, but also to get equipped to take on the global brands like IBM, EDS? Read on.
The rumor is rife that Infosys inaudibly has parked some billions over the years and now it wants to go shopping. Infosys wants to acquire Capgemini. Infosys’ turnover is $3.1 billion, Capgemini’s 10.35. Infosys’ market capitalization $27 billion, Capgemini’s 10.4. The rumor, that Indian top software outsourcing company may bid for the European outsourcing major, was so strong that Capgemini’s share rose 3.4% over last couple of days. The shares rose as much as 2.6 percent and traded at 1,946 rupees, up 1 percent, at 10:12 a.m. on the Bombay Stock Exchange today, reports Bloomberg.
After IBM has taken over PriceWaterCoopers (PWC) to spruce up its consulting business and EDS’ acquire of AT Kearney can Indian tech behemoth sit idle? Well, more than anything else it seems like this move is Infosys’ part of natural progression which is more than keen to make an instant but robust impression on the international market.
More: 8 reasons why Infosys-Capgemini deal wont materialize?
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Posted by: Anonymous | July 17, 2007 3:54 AM | Permalink to Comment