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NIIT Technologies to acquire 53% stake in WHISHWORKS

Mumbai : NIIT Technologies has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance.

This transaction is expected to be margin and earnings accretive to the company. The Company will be making this acquisition in an all-cash transaction, funded through internal accruals.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.