Tech Mahindra acquires Momenton, Tenzing – Most recent News

IT key Tech Mahindra on Tuesday claimed it has acquired Melbourne-centered electronic enterprise engineering business Momenton and New Zealand-primarily based Tenzing Ltd., a technology consulting business.

The acquisition of Tenzing will price the corporation around Rs 217.3 crore, the Momenton deal will price tag all around Rs 75 crore.

Tech Mahindra said it has obtained 100 for every cent equity in both equally the organisations, and with each other they will enable digital abilities, fashionable cloud-centered architecture and transformation for buyers in the ANZ (Australia and New Zealand), in fiscal expert services and other sectors.

‘The acquisition of Momenton and Tenzing Ltd, are in line with our approach to reinforce our digital abilities, and provide our clients close-to-finish transformation expert services,’ Vivek Agarwal, Head Corporate Growth & World-wide Head for Healthcare and Money Providers, Tech Mahindra, reported in a assertion.

‘We welcome the staff of Momenton and Tenzing Ltd into the Tech Mahindra relatives, and glimpse ahead to producing and offering increased purchaser activities for our prospects.’

Momenton is a Melbourne-based digital business technological know-how business supplying consultancy and implementation companies in company agility, product or service enablement, engineering and emerging engineering to shoppers throughout industries with highly developed abilities in digital engineering and cloud indigenous architectures.

Headquartered in Auckland, New Zealand, Tenzing Ltd., is a management and technological know-how consultancy offering business system, insurance plan main program transformation, programme management, goal functioning model design and style throughout industries and public sector corporations.

‘The addition of Momenton and Tenzing Ltd will further strengthen Tech Mahindra’s position in the ANZ market, specifically in the Economic Services sector, enabling the group to produce comprehensive suite of technology, more powerful onsite solutions and improved purchaser encounter,’ mentioned Jeff Ferdinands, Place Head – ANZ, Tech Mahindra.

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