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M&A Deal Summary

MindTree Acquires Sevenstrata IT Services Pvt.

On April 22, 2010, MindTree acquired information technology company Sevenstrata IT Services Pvt.

Acquisition Highlights
  • This is MindTree’s 1st transaction in the Information Technology sector.
  • This is MindTree’s 2nd transaction in India.

M&A Deal Summary
Date 2010-04-22
Target Sevenstrata IT Services Pvt.
Sector Information Technology
Buyer(s) MindTree
Deal Type Add-on Acquisition

Target

Sevenstrata IT Services Pvt.

Chennai, India
7Strata is a remote infrastructure management (RIM) services provider. 7Strata offers end-to-end, fully integrated, remote IT monitoring and management services.

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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 2 of 7
Sector: Information Technology M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 5
Country: India M&A 2 of 3
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-29 Kyocera Wireless Pvt.

Bengaluru, India

Kyocera Wireless (India) Pvt. Ltd. is a provider of wireless product development, software engineering, and product testing.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Discoverture Solutions

Scottsdale, Arizona, United States

Discoverture Solutions LLC is a provider of information technology solutions and services to insurance solutions.

Buy $15M
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