Tech Mahindra acquires DigitalOnUs for $120 million

IT major Tech Mahindra on Monday said it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about ₹898 crore) to augment hybrid-cloud offerings for enterprise customers globally.

Tech Mahindra has acquired 100 per cent stake in the organisation to strengthen cloud-native development, hybrid cloud infrastructure and SRE (Site Reliability Engineering) automation, a statement said. In a regulatory filing, Tech Mahindra said the total consideration for the deal is “up to $120 million including retention bonus and Earnout”.

DigitalOnUs is headquartered in San Jose, the US, and has more than 380 employees. For the financial year ending December 31, 2020, its revenue was at $30.6 million.