Tech Mahindra a leading bellwether in digital transformation, consulting and business services today announced strategic acquisition of Momenton, a digital enterprise technology firm, offering consultancy and implementation services, and Tenzing Limited, a technology consulting company. Tech Mahindra has acquired 100 percent equity in both the organizations, and together they will enable digital capabilities, modern cloud-based architecture and transformation for customers in the Australia and New Zealand, in Financial Services and other sectors.
As per the statement of Vivek Agarwal, Head Corporate Development & Global Head for Healthcare and Financial Services, Tech Mahindra it reads:- “The acquisition of Momenton & Tenzing Ltd, are in line with our strategy to strengthen our digital capabilities, and offer our clients end-to-end transformation services. This will significantly enhance our local presence in the markets, and the combination will create significant synergies and help in bringing next generation solutions to customers enabling them to run better, change faster and grow greater. We welcome the team of Momenton and Tenzing Ltd into the Tech Mahindra family, and look forward to creating and delivering enhanced customer experiences for our customers.”
Momenton, is a Melbourne-based digital enterprise technology company offering consultancy and implementation services in enterprise agility, product enablement, engineering and emerging technology to clients across industry verticals with advanced capabilities in digital engineering and cloud native architectures. This acquisition is an important step in Momenton’s growth journey. It provides our organisation and its people with wide-ranging global reach and the ability to tap into significantly more opportunities in this fast-growing market.