M&A Deal Summary

MindTree Acquires Magnet 360

On January 18, 2016, MindTree acquired information technology company Magnet 360

Acquisition Highlights
  • This is MindTree’s 5th transaction in the Information Technology sector.
  • This is MindTree’s 3rd transaction in the United States.
  • This is MindTree’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-01-18
Target Magnet 360
Sector Information Technology
Buyer(s) MindTree
Deal Type Add-on Acquisition

Target

Magnet 360

Minneapolis, Minnesota, United States
Magnet 360 LLC is a marketing technology consultancy and salesforce.com partner.

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Buyer(S) 1

Buyer

MindTree

Bengaluru, India

Category Company
Founded 1999
Sector Information Technology
Revenue 2.0B USD (1970)
DESCRIPTION

MindTree focused on IT and R&D services. Mindtree was started in 1999 and is based in Bengaluru, Karnataka.


DEAL STATS #
Overall 6 of 7
Sector: Information Technology M&A 5 of 6
Type: Add-on Acquisition M&A Deals 5 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Relational Solutions

North Olmsted, Ohio, United States

Relational Solutions, Inc. is a specialized provider of analytics for Consumer Packaged Goods (CPG) retail execution. Relational Solutions has proven expertise in analytics with solutions for supply chain optimization and trade promotions analytics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 L&T-NxT

Mumbai, India

L&T-NxT is expertized across diverse industry segments like Energy & Utilities, Transportation & Logistics, Engineering & Construction, Process & Discrete Manufacturing, and their experience of deploying new-age digital technologies at scale, to deliver differentiated disruptive business outcomes for our global customers. L&T-NxT is based in Mumbai, India.

Buy -