 "NIIT Technologies")
As the IT services industry evolves, consolidation is becoming the name of the game in the mid-tier space.
Baring Private Equity (Asia)’s move to buy 30 per cent stake in NIIT Technologies is a reflection of this trend. As Baring’s current portfolio has another mid-tier IT firm — Hexaware Technologies — industry experts are of the opinion that integrating these two companies could bring about the required scale and synergy.
“The IT industry is getting commoditised, and as a result, the consolidation process has been happening across the industry in recent years. We have seen many small companies converging in the past,”
