Tech Mahindra to buy US-based Allyis Group

IT major Tech Mahindra is to acquire 100% stake in US based IT company Allyis India Private Limited. Tech Mahindra will also acquire Allyis India’s holding company Green Investments LLC. 

The IT major will pay $ 125 Million which is equivalent to Rs. 930 Cr. The IT giant said that this acquisition will  “bolster Tech Mahindra’s capabilities in: Digital Experience Solutions: Learning & Development, Marketing, Instructional Design; Engineering: Cloud & Automation, BI & Analytics, Technical support services”.