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India: Tech merger shakes-up world market with new ranking

By  |  June 26, 2013

The merger between Tech Mahindra and Satyam, two software engineering giants based in India, has shaken up the IT world as the merger’s completion resulted in the fifth-largest IT company in the world. Tech Mahindra first acquired Satyam in 2009 and announced last Tuesday that all formal proceedings concerning the deal have been completed. Tech Mahindra averages $2.7 billion in sales and says it looks to reach $5 billion in sales by 2014, according to reports.

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