Mindtree will make an upfront payment of $37m with the remainder as performance fees over the next two years.
India-based technology services provider Mindtree has agreed to acquire US-based consulting partner Magnet 360, backed by Salesforce Ventures, for up to $50m.
Mindtree will make an upfront payment of $37m with the remainder as performance fees over the next two years.
Krishnakumar Natarajan, CEO of Mindtree, said: “This acquisition will strengthen our offerings in digitizing the value chain and building sense-and-respond systems.”
Magnet 360 has been a partner of US-listed human resources services provider Salesforce since 2004. Its corporate venturing…
