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Infosys Acquires Panaya for its Automation Technology

Infosys Acquires Panaya for its Automation Technology

By Narayan Ammachchi Indian information technology giant Infosys has acquired its American rival Panaya for US$200 million. New Jersey-based Panaya is a Software as a Service (SaaS) company, whose flagship CloudQuality Suite offers automated software management, in addition to supervision ...

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MercadoLibre Acquires Argentine Software Developer Bvision

MercadoLibre Acquires Argentine Software Developer Bvision

By Narayan Ammachchi Latin American e-commerce group MercadoLibre has acquired Argentine software firm Bvision, although financial details of the deal have not been made public Under the deal, all 130 software professionals working at the company’s Argentine bureau will join MercadoLibre, while Bvision ...

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Brazilian IT Firm Stefanini Merges with HMI Engineering

Brazilian IT Firm Stefanini Merges with HMI Engineering

By Narayan Ammachchi Stefanini has merged with a local engineering and technology services provider IHM Engenharia in a deal that will significantly expand the Brazilian IT firm’s service offering. Headquartered in Belo Horizonte, IHM serves several segments — mainly manufacturing and ...

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Telefonica Acquires 3-Percent Stake in Indra Sistemas

Telefonica Acquires 3-Percent Stake in Indra Sistemas

By Narayan Ammachchi Spanish multinational Telefonica has acquired a 3% stake in technology services provider Indra Sistemas,which has a wide presence across Latin America.    The news comes barely a day after Abril-Martorell replaced the IT giant’s veteran boss Javier Monzon. As ...

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