Technology
Smaller firms in particular target large contracts as clients consolidate vendors
The string of acquisitions by Indian software exporters, such as Persistent System’s deal to buy Germany-based Nagarro, underscores the urgency of building a bulwark as challenges mount, such as from AI. (Nikkei montage/Source photo by Persistent’s website)
BENGALURU — A move by Persistent Systems to buy German peer Nagarro in a $1.45 billion deal has highlighted how Indian software exporters are spending big on acquisitions to quickly ramp up offerings as artificial intelligence and slowing technology spends threaten their growth.