Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

 Tech Mahindra, announced that it has acquired DigitalOnUS, a hybrid Cloud and DevOps services provider, for a consideration of $120 million. Tech Mahindra has acquired a 100 per cent stake in the organisation to strengthen Cloud-native development, hybrid Cloud infrastructure and SRE (Site Reliability Engineering) automation.
 
The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020. The US-based firm has more than 380 employees.
 
Vivek Agarwal, president- corporate development, BFSI and HLS, Tech Mahindra, said: The acquisition of DigitalOnUs marks an important milestone in Tech Mahindra’s growth journey,