Tech Mahindra announced acquisitions of 100% stake in Infostar LLC and We Make Websites (WMW).
According to the company’s exchange filing, “we wish to inform that the Company through its wholly owned subsidiaries has approved the proposal to acquire the following entities: 1. Acquisition of 100% shareholding in Infostar LLC by Tech Mahindra (Americas) Inc, a wholly owned subsidiary of the Company; and 2. Acquisition of 100% shareholding in WMW by Born London Limited, UK, a wholly owned step down subsidiary of the Company.”
The acquisition will bolster Tech Mahindra’s end-to-end digital product engineering capability across Design, Build, and Test, by employing Loadstone’s expertise in effective utilization of data strategy and providing end-to-end product quality assurance across hardware, software, and data layers, the statement said.
The target entity is Infostar LLC (dba “Lodestone”). The company is headquartered in Pleasanton, California. The company has more than 300 employees, a statement said. Loadstone is a leading digital engineering quality assurance provider for new age digital companies. The entity was incorporated in 2005.
WMW (We Make Websites) will add to Tech Mahindra’s capabilities in Experience Design pillar and help build an industry leading Shopify Practice, the company said.
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