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Technology sector outlook bullish; billion dollar deals in the offing (The Hindu Business Line 31st Dec 2007) 30 Top four IT services providers are poised to get lot bigger and possibly close two-three billion dollar plus acquisitions deals during the year even as there is move by MNCs to hive off internal business process outsourcing arms to third parties.
The gap between the big four and other IT services providers is set to widen. However, those with specialised verticals and niche business would consolidate with smaller mergers and acquisitions, according to Mr Rajesh Jain, Head of ICE Practice at consultancy services firm KPMG. More
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