Home > Uncategorized > Cognizant, Capgemini ahead in the race to buy Iflex

Cognizant, Capgemini ahead in the race to buy Iflex

Cognizant Technology Solutions and Capgemini are among the bidders in talks to buy Oracle’s India-based financial services business unit, people familiar with the discussions said.
“Wipro, HCL and L&T Infotech, which were among those interested, are no longer in contention,” one of the people said. Oracle is also reported to have scaled down its original expectation of around $400-500 million for the services business, which includes software services and business process outsourcing. For FY11, services and BPO revenues were together around 1,000 crore or $222 million.
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