India’s cash-rich IT services<\/a> providers are eyeing deals<\/a> involving the acquisition of subsidiaries of global companies along with their employees, to ensure a pipeline of large multi-year contracts and steady revenue flow at a time when long-term services contracts are drying up amid the Covid-19 pandemic<\/a>, analysts said. 印度最大的技术服务出口国塔塔咨询服务公司最近表示,它将获得100%的股份在德意志银行(Deutsche Bank AG)的单位邮政银行系统。 印度的资金充裕信息技术服务供应商正在关注交易涉及收购子公司的全球企业及其员工,以确保管道多年大合同和稳定的收入流在长期服务合同在Covid-19枯竭流感大流行,分析师表示。
India’s largest technology services exporter Tata Consultancy Services<\/a> recently said it would acquire 100% stake in Deutsche Bank<\/a> AG’s unit Postbank Systems AG, including its 1,500 employees, to expand its presence in Germany.
TCS<\/a> also acquired some assets and more than 1,500 employees of Ireland-based Pramerica Technology Services from insurance major Prudential Financial, giving it access to resources to serve the EU market.
In July, Infosys signed an over $1 billion partnership deal with US investment adviser Vanguard, which includes onboarding 1,300 people on its rolls. Separately, Infosys is in talks to take over the assets of German automotive major Daimler, including transferring 500-600 employees, in a $1.3 billion deal, the Times of India reported earlier this week.
“These deals keep the revenue machine ticking along for hungry services providers seeking to maintain their growth trajectory in a pandemic economy,” said Phil Fersht, chief executive of HfS Research.
TCS declined fresh comment. Infosys declined to comment on the Daimler deal.
Daimler said it was in talks with partners and had not signed a deal.
“We will continue to focus our internal IT competencies on software development, thereby strengthening Daimler in the digital competition<\/a>,” said Dora Constantinita, spokesperson for digitalization and IT at Mercedes-Benz Cars & Vans. “At the same time, we will be able to benefit from the scaling effects and innovative performance of global IT companies in the areas of data centres, networks, and workplace IT.
Daimler said it was looking at a partial transfer of some assets to an external partner.
“After evaluating different offers of potential candidates, we (have) now down selected those possible partners and proceed for exclusive negotiations with one partner …,” Constantinita said, adding that “a deal has not yet been made”.
These types of deals had gone out of fashion after the 2008 financial crisis but are back now, analysts said.
“…doing large deals in a pandemic is just too complex, so going back to these \"take the people\" deals makes a lot of sense for the service provider, and helps enterprises under financial duress make a rapid haircut to their bottom-line,” said Fersht.
This could also be a temporary phenomenon, and not a fundamental change in the industry, analysts said.
“As Covid-19 progressed, it became clear that there was, and is, an opportunity for “carve outs” as firms reassessed their cost structure and broader business lines. It is into this market that we see TCS and Infosys moving with intent and effectiveness,” said Peter Bendor-Samuel, chief executive of IT advisory and research firm Everest Group.
IT services companies may, however, see a resurgence of large contracts in the near term, they said.
“The long-term nature of these carve-outs will ensure a steady cash flow. However…the rate of carve-outs will drop, but we see a growing market for digital transformation at scale,” said Bendor-Samuel.
These deals come with long-term benefits, said Ray Wang, principal analyst and founder, Constellation Research.
“In most scenarios, the overall deals are still very profitable, even if the acquisition of a subsidiary may be at a small loss,” he said.<\/p><\/body>","next_sibling":[{"msid":79442564,"title":"Vodafone Idea inks strategic pacts with upGrad, 1mg, others to offer benefits to customers","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-inks-strategic-pacts-with-upgrad-1mg-others-to-offer-benefits-to-customers\/79442564","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79428996","title":"Company","entity_type":"IMAGES","seopath":"tech\/information-tech\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow\/company","category_name":"India's cash-rich IT firms look to acquire deals for steady revenue flow","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-183383\/79428996.cms?width=150&height=112","link":"\/image\/tech\/information-tech\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow\/company\/79428996"}],"msid":79443135,"entity_type":"ARTICLE","title":"India's cash-rich IT firms look to acquire deals for steady revenue flow","synopsis":"India's largest technology services exporter Tata Consultancy Services recently said it would acquire 100% stake in Deutsche Bank AG's unit Postbank Systems AG.","titleseo":"telecomnews\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow","status":"ACTIVE","authors":[{"author_name":"Ayan Pramanik","author_link":"\/author\/479250954\/ayan-pramanik","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479250954.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479250954,"author_name":"Ayan Pramanik","author_seo_name":"ayan-pramanik","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":292,"shares":0,"engagementtimems":1460000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2020-11-27 13:23:23","lastupd":"2020-11-27 13:24:31","breadcrumbTags":["tcs","digital competition","Daimler AG","IT services","tata consultancy services","deals","deutsche bank","pandemic","acquisitions","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow"}}" data-authors="[" ayan pramanik"]" data-category-name="" data-category_id="" data-date="2020-11-27" data-index="article_1">
印度是现金充裕的公司收购交易寻找稳定的收入流
印度最大的技术服务出口国塔塔咨询服务公司最近表示,它将获得100%的股份德意志银行(Deutsche Bank)集团单位邮政银行系统,包括其1500名员工,扩大在德国。
TCS也获得了一些资产和1500多名员工的爱尔兰Pramerica技术服务主要从保险保德信金融集团,使其为欧盟市场对资源的访问。
“这些交易维持营收机器的运作饿服务提供者寻求维持他们在大流行的经济增长轨迹,”菲尔Fersht说,首席执行官HfS中研究。
TCS拒绝新鲜置评。印孚瑟斯拒绝评论戴姆勒交易。
戴姆勒表示,它正与合作伙伴和没有签署了一项协议。
“我们将继续我们的内部能力关注软件开发,从而加强戴姆勒数字竞争发言人说:“多拉Constantinita数字化和梅赛德斯-奔驰轿车和货车。”与此同时,我们将能够受益于规模效应和创新绩效领域的全球IT企业的数据中心,网络,和工作场所。
戴姆勒表示,正在研究一些资产的部分转移到外部合作伙伴。
“评估提供了不同的潜在候选人之后,我们现在(已经)选择那些可能的合作伙伴和进行独家谈判和一个伴侣…”Constantinita说,补充说,“尚未达成协议”。
这些类型的交易在2008年金融危机后已经过时,但现在,分析师表示。
”…在大流行做大型交易太复杂,回到这些“取人”的交易很有意义的服务提供者,并帮助企业在金融胁迫使快速发型底线,“Fersht说。
这也可以是一种暂时现象,而不是一个根本性的改变,分析师表示。
Covid-19进展,很明显,,,的机会“分割”公司重新评估他们的成本结构和更广泛的业务。进入这个市场,我们看到TCS和印孚瑟斯运动意图和有效性,”首席执行官Peter Bendor-Samuel说咨询和研究公司珠穆朗玛峰。
然而,IT服务公司可能在短期内看到复苏的大合同,他们说。
“这些东西的长期性将确保一个稳定的现金流。然而…剥离率将会下降,但我们看到越来越多的数字转换市场规模,“Bendor-Samuel说。
这些交易有长远利益,Ray Wang说创始人兼首席分析师,星座研究。
“在大多数情况下,整个交易仍然非常丰厚,即使收购一家子公司可能会在一个小的损失,”他说。
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India’s cash-rich IT services<\/a> providers are eyeing deals<\/a> involving the acquisition of subsidiaries of global companies along with their employees, to ensure a pipeline of large multi-year contracts and steady revenue flow at a time when long-term services contracts are drying up amid the Covid-19 pandemic<\/a>, analysts said.
India’s largest technology services exporter Tata Consultancy Services<\/a> recently said it would acquire 100% stake in Deutsche Bank<\/a> AG’s unit Postbank Systems AG, including its 1,500 employees, to expand its presence in Germany.
TCS<\/a> also acquired some assets and more than 1,500 employees of Ireland-based Pramerica Technology Services from insurance major Prudential Financial, giving it access to resources to serve the EU market.
In July, Infosys signed an over $1 billion partnership deal with US investment adviser Vanguard, which includes onboarding 1,300 people on its rolls. Separately, Infosys is in talks to take over the assets of German automotive major Daimler, including transferring 500-600 employees, in a $1.3 billion deal, the Times of India reported earlier this week.
“These deals keep the revenue machine ticking along for hungry services providers seeking to maintain their growth trajectory in a pandemic economy,” said Phil Fersht, chief executive of HfS Research.
TCS declined fresh comment. Infosys declined to comment on the Daimler deal.
Daimler said it was in talks with partners and had not signed a deal.
“We will continue to focus our internal IT competencies on software development, thereby strengthening Daimler in the digital competition<\/a>,” said Dora Constantinita, spokesperson for digitalization and IT at Mercedes-Benz Cars & Vans. “At the same time, we will be able to benefit from the scaling effects and innovative performance of global IT companies in the areas of data centres, networks, and workplace IT.
Daimler said it was looking at a partial transfer of some assets to an external partner.
“After evaluating different offers of potential candidates, we (have) now down selected those possible partners and proceed for exclusive negotiations with one partner …,” Constantinita said, adding that “a deal has not yet been made”.
These types of deals had gone out of fashion after the 2008 financial crisis but are back now, analysts said.
“…doing large deals in a pandemic is just too complex, so going back to these \"take the people\" deals makes a lot of sense for the service provider, and helps enterprises under financial duress make a rapid haircut to their bottom-line,” said Fersht.
This could also be a temporary phenomenon, and not a fundamental change in the industry, analysts said.
“As Covid-19 progressed, it became clear that there was, and is, an opportunity for “carve outs” as firms reassessed their cost structure and broader business lines. It is into this market that we see TCS and Infosys moving with intent and effectiveness,” said Peter Bendor-Samuel, chief executive of IT advisory and research firm Everest Group.
IT services companies may, however, see a resurgence of large contracts in the near term, they said.
“The long-term nature of these carve-outs will ensure a steady cash flow. However…the rate of carve-outs will drop, but we see a growing market for digital transformation at scale,” said Bendor-Samuel.
These deals come with long-term benefits, said Ray Wang, principal analyst and founder, Constellation Research.
“In most scenarios, the overall deals are still very profitable, even if the acquisition of a subsidiary may be at a small loss,” he said.<\/p><\/body>","next_sibling":[{"msid":79442564,"title":"Vodafone Idea inks strategic pacts with upGrad, 1mg, others to offer benefits to customers","entity_type":"ARTICLE","link":"\/news\/vodafone-idea-inks-strategic-pacts-with-upgrad-1mg-others-to-offer-benefits-to-customers\/79442564","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79428996","title":"Company","entity_type":"IMAGES","seopath":"tech\/information-tech\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow\/company","category_name":"India's cash-rich IT firms look to acquire deals for steady revenue flow","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-183383\/79428996.cms?width=150&height=112","link":"\/image\/tech\/information-tech\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow\/company\/79428996"}],"msid":79443135,"entity_type":"ARTICLE","title":"India's cash-rich IT firms look to acquire deals for steady revenue flow","synopsis":"India's largest technology services exporter Tata Consultancy Services recently said it would acquire 100% stake in Deutsche Bank AG's unit Postbank Systems AG.","titleseo":"telecomnews\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow","status":"ACTIVE","authors":[{"author_name":"Ayan Pramanik","author_link":"\/author\/479250954\/ayan-pramanik","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479250954.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479250954,"author_name":"Ayan Pramanik","author_seo_name":"ayan-pramanik","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":292,"shares":0,"engagementtimems":1460000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2020-11-27 13:23:23","lastupd":"2020-11-27 13:24:31","breadcrumbTags":["tcs","digital competition","Daimler AG","IT services","tata consultancy services","deals","deutsche bank","pandemic","acquisitions","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow"}}" data-news_link="//www.iser-br.com/news/indias-cash-rich-it-firms-look-to-acquire-deals-for-steady-revenue-flow/79443135">
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