Is Atos company acquiring Syntel?
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Shruti
- 05 Apr
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With the finalisation of the deal, Syntel has now become a wholly owned subsidiary of Atos Co-founded by Indian-American couple Bharat Desai and Neerja Sethi in 1980, Syntel offers its customers value-added digital services in several specific verticals such as banking and financial services, healthcare, retail and insurance. Syntel generated $924 million revenue in 2017, of which 89 per cent was in North America, with 25 per cent operating margin. It employs 23,000 engineers in 30 countries, with over 18,000 staff based in India. As a result of the acquisition, Syntel shares will cease trading, and will be delisted from the American stock exchange Nasdaq .