TITLE

IT M&A Values Tumble in Third Quarter

AUTHOR(S)
Schachter, Ken
PUB. DATE
October 2008
SOURCE
Red Herring;10/31/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the increase in the number of merger and acquisition (M&A) deals involving information technology (IT) companies in the third quarter of 2008. However, M&A valuations dropped during the quarter. According to New York City investment bank Updata, there were 202 M&A deals involving IT firms in the third quarter. The acquisition of Axon Group by HCL Technologies and GL Trade by Sungard are some of the largest deals of the quarter.
ACCESSION #
36603093

 

Related Articles

  • HCL Offers $813.6-Mn Acquisition Bid for Axon.  // EmergingMarketsNOW;9/29/2008, p9 

    The article reports that HCL Technologies has made a counterbid following Infosys for acquiring Axon Group, a Great Britain-based consultancy services provider for $813.6 million. The bid made by HCL is 8.3 percent higher than that of Infosys. It was routed through HCL EAS, a wholly-owned...

  • HCL Offers $813.6-Mn Acquisition Bid for Axon.  // EmergingMarketsNOW;9/29/2008, p1 

    The article reports that HCL Technologies Ltd. has made a counterbid following Infosys for acquiring Axon Group PLC, a Great Britain-based consultancy services provider for $813.6 million. The bid made by HCL is 8.3 percent higher than that of Infosys. It was routed through HCL EAS, a...

  • SunGard Plans to Add GL Trade to Portfolio. Kissi, Dawn // Securities Industry News;8/11/2008, Vol. 20 Issue 29, p18 

    This article reports on the announcement of SunGard Data Systems that it has agreed to purchase 64.51 percent of Paris, France-based trading systems provider GL Trade. It is noted that SunGard, a financial services technology giant, lacks the international coverage needed to compete globally. GL...

  • ACQUIRED BOOST. SEN, SUNNY // Business Today;10/16/2011, Vol. 20 Issue 21, p72 

    The article focuses on the acquisition of AXON Group PLC by HCL Technologies. After the acquisition Vineet Nayar, vice chairman and chief executive officer (CEO) of HCL to integrated HCL Tech's Enterprise Application (EAS), business into AXON. Once companies came together, HCL Tech was helping...

  • Untitled. Savvas, Antony // Computer Weekly;10/7/2008, p47 

    The article reports on the bidding war between Indian outsourcers, Infosys Technologies and HCL Technologies, for the purchase of British SAP consultancy Axon Group. The winner of the bidding battle will be responsible for the largest overseas acquisition by an Indian information technology (IT)...

  • SunGard Wins Comdisco Continuity Services Business. Schroeder, Mary // Securities Industry News;10/15/2001, Vol. 13 Issue 41, p4 

    Reports on the acquisition of the continuity services business of Comdisco by SunGard Data Systems in New York, New York. Advantages of the acquisition to the company; Incorporation of disaster recovery and services; Accounts of continuity services business in the revenue of SunGard.

  • HCL Info to Merge SI and Service Biz with HCL Tech? Shrikanth, G. // Dataquest;9/15/2013, Vol. 31 Issue 17, p64 

    The article discusses the rumors regarding the plan of technological company HCL Infosystems (HCLI) to merge its system integration businesses and services with HCL Technologies Ltd. It mentions that despite HCL Infosystems denied the rumors, it looks at the possibility of merging due to...

  • Indian IT's Big Deal. Sachitanand, Rahul // Business Today;10/19/2008, Vol. 17 Issue 21, p44 

    The article presents an insight about the biggest overseas acquisition of information technology (IT) services companies in India. The author states that HCL Technologies Ltd. has muscled its way into the fray by making a counter-bid for Axon which is 8.3% higher. He adds that while Infosys...

  • HCL Acquires US-based Capital Stream for $40Mn.  // EmergingMarketsNOW;2/21/2008, p10 

    The article reports that HCL Technologies, an Indian information technology (IT) services company, has purchased Capital Stream, a U.S.-based company specializing in offering lending automation solutions to North American commercial banks and finance companies, for about $40 million in cash....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics