M&A Deal Summary

Tech Mahindra Acquires Mad*Pow

On July 30, 2019, Tech Mahindra acquired information technology company Mad*Pow

Acquisition Highlights
  • This is Tech Mahindra’s 6th transaction in the Information Technology sector.
  • This is Tech Mahindra’s 3rd transaction in the United States.
  • This is Tech Mahindra’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2019-07-30
Target Mad*Pow
Sector Information Technology
Buyer(s) Tech Mahindra
Deal Type Add-on Acquisition
Advisor(s) Progress Partners, Inc.
SI Partners (Financial)

Target

Mad*Pow

Portsmouth, New Hampshire, United States
website
Mad*Pow is a design agency that improves the experiences people have with technology, organizations, and each other. Using human-centered design, Mad*Pow creates strong multi-channel experience strategies, intuitive digital experiences and streamlined processes for its clients. Mad*Pow has partnered with industry leaders including Cigna, ESPN, Pearson, adidas, John Hancock, Microsoft, and Google. Mad*Pow was founded in 2000 and is based in Portsmouth, New Hampshire.

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Buyer(S) 1

Buyer

Tech Mahindra

Pune, India

website

Category Company
Founded 1986
Sector Information Technology
Employees125,236
Revenue 446.5B INR (2022)
DESCRIPTION

Tech Mahindra is an entity which provides information technology services and solutions in India, the Americas, Europe, and internationally. Tech Mahindra was founded in 1986 and is based in Pune, India.

DEAL STATS #
Overall 12 of 16
Sector (Information Technology) 6 of 8
Type (Add-on Acquisition) 11 of 15
State (New Hampshire) 1 of 1
Country (United States) 3 of 5
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Dynacommerce Holding B.V.

6131 AT, Netherlands

Dynacommerce Holding B.V. provides end-to-end omni-channel solutions for mobile and fixed telco, cable, media and utility companies, with a goal of simplifying digital transformation to ensure agile digital service delivery. Their practical solutions are rapidly transforming the current way of service delivery, supporting all customer journeys and business models of today and the future, regardless of complexity. DynaCommerce sees working even closer with Tech Mahindra as the next step in its evolution enabling it to rapidly expand its horizon in multiple markets and across CSPs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 FixStream Networks

San Jose, California, United States

FixStream Networks, Inc. is a unified platform will handle a wide array of IT operations from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings. FixStream Networks is based in San Jose, California.

Sell $24M
Mergr

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