IT firms tap start-ups for digital tech

Customers of IT firms are squeezing their IT budgets for innovation

Big Indian IT firms such as Wipro, Infosys and HCL Technologies are stepping up their acquisition and investment in start-ups to bridge digital technology gap. 

Automation and cloud are the most sought-after areas for Indian IT services firms to invest and acquire, global research firm CB Insights said in a recent report. Cyber security, Internet of Things and data management are other areas where these firms showed interest.  

Companies such as Infosys, Wipro, HCL and others are concentrating on taking solutions developed by start-ups to businesses in the US and other regions. These companies, who contribute significantly to the software services