Tech Mahindra has acquired DigitalOnUS, a hybrid cloud and DevOps services provider for a total consideration of up to $120 million. This also includes retention bonus and earnout.
The transaction is expected to close by May 15, 2021.
Tech Mahindra will leverage DigitalOnUs expertise to build multi-cloud platforms, modernise IT security and unlock the cloud operating model for enterprises to accelerate their cloud modernization journey. Further, the acquisition will help in augmenting its hybrid-cloud offerings for enterprise customers globally and strengthen cloud-native development, hybrid cloud infrastructure and site reliability engineering (SRE) automation.