Thursday , 18 July 2019
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NIIT Technologies to acquire 53% stake in WHISHWORKS

NIIT Technologies to acquire 53% stake in WHISHWORKS

Mumbai : NIIT Technologies has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance.

This transaction is expected to be margin and earnings accretive to the company. The Company will be making this acquisition in an all-cash transaction, funded through internal accruals.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.



NIIT Technologies to acquire 53% stake in WHISHWORKS appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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