Infosys buys Axon for $753mn

Finally, IT giant announces its strategic acquisition of Axon, SAP consulting for $753mn all cash deal. There has been lot of talk about Infy planning acquisition since it was sitting on lot of cash and required some strategic inorganic growth.

With Axon, Infy is expected to gain strong foothold in SAP consulting market, a high paying service offering and also it will help diversifying its revenue contribution coming from US. Axon has its 55% revenue coming from Europe and 45% coming from US geos. It also has operations in Malaysia.

On other hand HCL too has announced its $20mn acquisition of Control Point, telecom software services vendor.

IT giants are increasingly looking for inorganic growth to increase their presence. This can also be seen as Indian players dominance in IT versus Chinese counterpart. Chinese IT companies are still in stage wherein they are playing resourcing game, on other hand Indian IT players are moving into value chain game with strategic acquisitions.

Can Hyderabad take over Bangalore as IT Capital - Never!!

If you are orginally from Hyderabad , I know it will hurt.
But as somebody from outside who has lived in both Bangalore and Hyderabad, I dnt see hyderabad ever taking Banaglore as IT capital.
Hyderbad will definately become as a IT hub since govt of AP is pro-IT and have skilled people.

There are certain issues which govt need to looked on urgent basis..cost of living.
There is huge demand- supply gap for housing in Hyderabad with rates soaring up by 300% in just 1 year .IT companies need people in bulk but can people afford to live in hyderabad at such high rents. I doubt, therefore they will relocate..companies HR watch out!!
Bangalore has enormous inflow but still finding a house is not a problem.

The climate of bangalore is still great, hyderabad..man I wonder what it will be in summers when weather s hot right nw in rainy season.

Inclination of people towards IT. Bangalore..its not inclination..its Craze for IT..i see people right from school dont want to be in IT for money..but from interest to develop that piece of software.

Infrastructure, It is appreciating that Naidu did a good job to provide good road connectivity to Hi-Tech city but Irony is that There is a severe Network problem of cellular services in HI-Tech City in hyderabad, so should they be still seeing it as Hi-Tech ;)
Bangalore has good QoS for cellular coverage and Electronics City in bangalore has no such problems.

Hyderabad, craze for IT is because of career ,money and US factor.

Hyderabad has major IT giants, but that is mainly because they want to expand beyond Bangalore and they got space here in the city.One will rarely find start-ups in here.
Bnagalore..you walk in any area and its rare that you won't see a bunch of geeks shop trying to make up something in software. Bangalore has that right enviroment for geek enterpeneurship

Hyderabad will be big destination for IT but Capital..only in Dreams.