The deal will strengthening leadership in digital transformation and in the fast-growing cloud-based services market.Mindtree, a global information technology consulting firm, has acquired Magnet 360, a Salesforce Platinum consulting partner. Financial terms of the deal were not disclosed.
Magnet 360 brings strong expertise across Salesforce applications- Sales, Service and Marketing Cloud implementations. The deal will position Mindtree in the fast-growing cloud-based services market.
The deal also adds more than 100 certified Salesforce experts to Mindtree’s well-established Salesforce services. This will strengthens the company's ongoing focus on helping its clients digitize their entire back-end value chains.
Based in Minneapolis, Magnet 360 is a Salesforce Platinum consulting partner. The company has worked with some of the world's largest companies across the full suite of Salesforce solutions. Investors include Salesforce Ventures, StarTec Investments and Gage Group. It has offices in New York, Los Angeles and Chicago,
Krishnakumar Natarajan, CEO and MD, Mindtree, said in a statement: "We are now seeing clients starting to invest heavily in digital transformation programs beyond just building the customer experience layer," and also added this: "This acquisition will strengthen our offerings in digitizing the value chain and building sense-and-respond systems."
Founded in 1999 and headquartered in Bangalore, India, Mindtree is a global information technology and consulting firm that specializes in corporate IT solutions and services. Mindtree deal in ecommerce, mobile, application, cloud computing, digital transformation, business intelligence, data analytics, ERP, EAI and Agile software development. The company employs more than 16,000 employees and has more than 290 clients and offices in 14 countries.
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