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Infosys acquires SAP consulting firm Axon Group for £470 Million!

And so it begins…

An acquisition of this kind, whereby one of the Indian IT giants acquires a sizeable Western IT services provider, has long been predicted.

Factors such as currency fluctuation, employee churn and the rise of alternate offshore destinations are threatening to curtail the phenomenal success of the Indian IT outsourcing industry.

Companies such as Infosys, Wipro and TCS are therefore eager to increase the value of the contracts they can offer their Western clients, moving from application development donkey-work to the kind of consultative partnership that the likes of Accenture and IBM have with their clients.

To do this, however, requires local presence and a caliber of consultant that their vast software campuses are not yet geared to producing. And while they have cash in reserves and the rupee is strong, now is an ideal time for Indian IT providers to buy those in.

Analysts predict that Infosys’ Axon deal will be the first of many ‘outbound’ acquisitions by Indian IT companies.

"We expect such a trend to continue and we believe the transaction by Infosys would act as a catalyst for similar moves by other Indian IT companies", Manoj Agarwal, ABN AMRO's Head of Investment Banking for India told The Economic Times.



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Whale Fall
-----------------

Dress me up in my new threads
clasp my greasy palms
grease my hair
I'm ready for the fall


Watch at all the decadence
watching the avalanche
I'm slipping down
losing my buoyancy


What's become of us
where have we come
this far, this close
close to the doors


I hear them, sublimal chants
I'm on the run
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I am the king!


I'm the slave
to my own undoings
I'm the jester in my courtyard
We jest as we run


We're strolling on that thin rope
we grope as we rope
we're true heros
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we're the scavengers
we're the friends
we're the lovers
we're the unbred


Soon awaiting the fall
we're lurking on us
we're osedaxing us
we're soon going to be done
we'll soon be arrested




*osedax(bone devourer, newly discovered marine genus) feeds on a fallen(sunken) whale carcass(which is also called a whale fall). Read more here