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24Aug By PriyankaNo Comments

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NIIT Technologies Renamed itself, Now known as Coforge

NOIDA, India, Aug. 24, 2020-- NIIT Technologies, a leading global IT solutions and services organization has begun operating under a new name Coforge Limited. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Launched in 1981, the firm has over the last three years charted a very high growth and change trajectory. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides Coforge with a distinct vantage. Coforge leverages AI, Cloud, and Insight-driven technologies, allied with industry expertise to transform client businesses into intelligent, high growth enterprises. The organization's 11,000+ Employees are the change drive...

BPEA Acquires 30% Shares of NIIT Tech

Baring Private Equity Asia ("BPEA") acquires 30% Stakes (18.85 million shares) of NIIT Technologies Limited from NIIT Limited. The cost of this deal is INR 1394 per share. The deal size is around $381 million. In a filing with the Securities and Exchange Board of India Regulations, BPEA will also make an offer to other shareholders of NIIT Technologies to purchase 26% additional shareholding at a price of INR 1394 per share value up to approximately $709 million based on ownership of approximately 56% stake(controlling stake). This transaction is conditional upon customary conditions, including receipt of required regulatory approvals, including anti-trust and competition clearances from Competition Commission of India. Rajendra Pawar, Chairman, NIIT Technologies Limited, sa...

NIIT Technologies Acquires 53% Stakes of WHISHWORKS

NEW DELHI, April 7, 2019-- NIIT Technologies Limited, a leading global IT solutions organization, today announced that it 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. The transaction closure is subject to fulfillment of certain government/regulatory approvals. A fast-growing company with a robust operating profile, WHISHWORKS currently has around 250 employees. Incorporated in 2010 and headquartered in Hyderabad, WHISHWORKS works with an ecosystem of global innovators, including MuleSoft, Salesforce, MapR, and Cloudera. It enjoys m...