Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

Tech Mahindra announced that it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for a consideration of $120 million. 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.

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020. The US-based firm has more than 380 employees.

Vivek Agarwal, President-Corporate Development, BFSI and HLS, Tech Mahindra, said, “The acquisition of DigitalOnUs marks an important milestone in Tech Mahindra’s growth journey, and will further enhance our capability in cloud-native engineering, and better equip us to develop cutting-edge digital solutions for our customers.