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ITC Infotech looks to buy 'sub-$50 mn' firms to boost digital capabilities

IT industry is witnessing major disruption due to increasing demand for digital technology services

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Infotech

Ayan Pramanik  |  Bengaluru 

ITC Infotech, a wholly owned subsidiary of ITC Ltd, plans to acquire smaller companies worth about $50 million (Rs 332 crore) to boost its digital technology capabilities.

The mid-tier information technology (IT) services company is looking at firms that can solve problems of its clients and co-innovate in areas such as artificial intelligence, internet of things (IoT) and data engineering. “We think the kind of companies that we will buy will be in the sub-$50 million range. Things that (can) give us unique capability, but do not hit profitability,” said Sushma ...

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First Published: Mon, July 24 2017. 01:35 IST
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