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Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts

Tech firms with niche capabilities are on the radar of IT biggies

Topics
Coronavirus | Indian IT firms | IT Industry

Debasis Mohapatra  |  Bengaluru 



service sector, jobs, employment, IT sector
According to investment banking firm, mergers and acquisitions (M&A) activity in the sector was trending down in March because of the unexpected disruption.

With valuations coming to a realistic level because of the disease (Covid-19)-induced crisis, many IT services firms with sound balance sheets have started exploring the possibilities of acquiring operating in niche areas. According to sources in the know, strategy teams of many IT firms have sounded out investment bankers and analysts about opportunities that could be the right fit before conducting any formal due diligence.

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First Published: Wed, April 08 2020. 02:48 IST

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