Genpact Eyes Syntel Acquisition – Times Of India | In The News

“Peter Bendor Samuel, CEO of US-based Everest Group, said if the acquisition goes through, it would be a good strategic fit. Genpact needs to add an IT capability if they are going to successfully play in the transformation market place. Headstrong (an IT services and consulting firm which Genpact acquired in 2010 for $550 million) is not big enough or diverse enough to do the trick. It appears that Genpact finished second in the Igate sweepstakes. With Bain Capital owning a large stake and being on their board, they are being pushed to be aggressive in growth, both organic and inorganic. An IT firm such as Syntel would be accretive to earnings as well as position them well in the changing market place, he said.” Read More.

 

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