Software Solutions buys out Indigo Technologies. BFL Software acquires a German firm Complex Systems. Indian IT companies have shifted gear and are actively looking out for acquisitions of or mergers with IT companies in the West, particularly in the US if past trends are any indication. US companies too are actively scouting to buy out Indian companies, particularly in the IT services sector, to set up base in India. Apparently, the scenario in the last decade has changed dramatically for Indian IT firms.
Acquisitions also facilitate entry of strong management.
BPCL Deploys Tivoli Systems' Enterprise Management Tool Tivoli Systems, an IBM company, has won a deal to implement enterprise systems management at BPCL, India's second largest petroleum company. We chose Tivoli after rigorous evaluation process to do this job for us. One is into developing next version of SFU, another is working on a framework for Microsoft .NET and the third is into enterprise management. The entire company is very enthusiastic about the .NET platform development and we wish to come out with various frameworks and tools for this platform within next two years. Microsoft .NET is built on open Internet protocols and standards, with tools and services that meld computing and communications in new ways.