Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect

The acquisition will bolster Tech Mahindra's capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, Tech Mahindra said in a statement

IT services firm Tech Mahindra announced the acquisition of a 100 per cent stake in Florida-based Activus Connect in an all cash deal worth $62 million. The company had revenue of $17 million for the financial year ended on December 2020.

Activus Connect, is a provider of work at home customer experience management solutions. The acquisition will bolster Tech Mahindra’s capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, said the company in a statement.

Vivek Agarwal, President – BFSI, HLS and Corporate Development, TechMahindra, said, “Theacquisition of Activus will fill a whitespace, with their unique delivery model,