Hello Steemitians,
ATOS brought Syntel @ $3.4 billion to expand its scale in Northside America, especially among banking and financial services clients.
Syntel also has an automation platform called SyntBots that attracted the company. SyntBots is having AI platform which solves many clients problems easily. The presence of the intellectual property around the digital space is already driving deals.
Phil Fersht, CEO of consultancy HfS, said the high-price tag commanded by Syntel, which has under $1 billion in revenue, was a sign that other large players were in the market and that there could be other deals in the offing.
“IT services companies will find it very difficult to survive, especially the middle size. These companies don't have access to skilled, in-demand talent. Without talent, it becomes difficult to win deals. In terms of traditional deals, even large companies such as Infosys, Wipro, TCS and others are under pressure to cut costs,” Sanchit Vir Gogia, chief-executive at Greyhound Research said.
Thanks,