The week gone by saw some important developments taking place in the IT sector.
– Mphasis has become the first among Indian mid-tier software services firms to achieve billion-dollar revenues.
– In danger of conceding the position of third-biggest software exporter to Cognizant, Wipro, Under Rishad Premji, is planning to rejig to fend off TCS, Infosys and Cognizant
– RPG group-owned Zensar Technologies acquired US-based infrastructure management company PSI Holding, which operates under the name Akibia, in an allcash deal of $66 million.
Source – The Economic Times