Digital seems to be the flavor of
the season. After similar moves by large peers, mid-sized Information
Technology Company Mindtree has announced two acquisitions in the space,
spending Rs 425 crore to shore up its digital business.
The company will acquire British
Technology Consultancy Bluefin Solutions and US based analytics firm Relational
Solutions. For Bluefin Solutions, Mindtree will pay Rs 423 crore. The UK
headquartered company presently has a revenue run-rate of Rs 287 crore. The acquisition
will help Mindtree gain about 50 clients in US and UK. Bluefin currently
employs 170 consultants.
Relational Solutions is a provider
of analytics for consumer packaged goods retail execution; Mindtree will pay Rs
63 crore in cash. The Ohio headquartered company had reported revenue of $3.2
Million in previous calendar. This buy will help Mindtree acquire analytics
capabilities to offer insights on movement of goods such as beverages or
chocolate for manufacturers.
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