{"id":292,"date":"2006-06-15T12:42:30","date_gmt":"2006-06-15T07:12:30","guid":{"rendered":"http:\/\/chiragmehta.info\/chirag\/2006\/06\/15\/tcs-eyes-mega-acquisitions\/"},"modified":"2006-06-15T12:42:30","modified_gmt":"2006-06-15T07:12:30","slug":"tcs-eyes-mega-acquisitions","status":"publish","type":"post","link":"https:\/\/www.chiragmehta.info\/chirag\/2006\/06\/15\/tcs-eyes-mega-acquisitions\/","title":{"rendered":"TCS Eyes Mega Acquisitions"},"content":{"rendered":"<p><em>Over the last five years, heavyweights in the Indian IT industry have spoken of big ticket acquisitions. But besides a few small and medium deals, nothing of consequence has come through so far. <\/em><\/p>\n<p>The wait may, however, be over. Sources close to <a href=\"http:\/\/www.tcs.com\">Tata Consultancy Services (TCS)<\/a> told TOI that it was looking to buy a UK-based company, <strong>Vertex, in the range of $800 million<\/strong>-$1 billion. If the deal comes through, it could be the <strong>largest <\/strong>ever by an Indian business house. <\/p>\n<p>Vertex is the <strong>outsourcing division of United Utilities<\/strong>, a company <strong>listed <\/strong>on both the London and New York stock exchanges<\/p>\n<p><strong>Prior TCS acquisitions <\/strong><br \/>\nNov 2001\u00e2\u20ac\u201d<strong>CMC <\/strong>\u00e2\u20ac\u201dRs 157 crore<br \/>\nMay 2003 <strong>Airline Financial Services<\/strong>\u00e2\u20ac\u201dundisclosed<br \/>\nMarch 2004\u00e2\u20ac\u201d<strong>Aviation Software Development Consultancy<\/strong>\u00e2\u20ac\u201dRs 140 million<br \/>\nMay 2004\u00e2\u20ac\u201d<strong>Phoenix Global Solutions<\/strong> \u00e2\u20ac\u201dundisclosed<br \/>\nApril 2005\u00e2\u20ac\u201d<strong>Tata Infotech<\/strong>\u00e2\u20ac\u201d-equity swap<br \/>\nOct 2005\u00e2\u20ac\u201d<strong>Sydney-based Financial Network Services<\/strong>\u00e2\u20ac\u201d$26 million<br \/>\nNov 2005\u00e2\u20ac\u201d<strong>Chile-based Comicrom<\/strong>\u00e2\u20ac\u201d$23 million <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the last five years, heavyweights in the Indian IT industry have spoken of big ticket acquisitions. But besides a few small and medium deals, nothing of consequence has come through so far. The wait may, however, be over. Sources close to Tata Consultancy Services (TCS) told TOI that it was looking to buy a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[8,13],"class_list":["post-292","post","type-post","status-publish","format-standard","hentry","tag-india","tag-tata","post-preview"],"_links":{"self":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/comments?post=292"}],"version-history":[{"count":0,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/292\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/media?parent=292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/categories?post=292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/tags?post=292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}