Infosys in talks to acquire Spanish consulting firm

Infosys, India's second largest IT services company, Everis, a Spanish consulting company, is in talks with a potential acquisition.

Started in 1996 as DMR Consulting, Everis +9000 consultants globally, March 31, 2011 as employed. March 31, 2011 the Company € million in revenue in the fiscal year ended (about 635 million) +506 million € 46 (approximately 58 million), with operating profit, reported. April each year at the company updated its annual financial numbers, FY12 results are posted on their website.

In 2007, the company's management and its institutional shareholders Apax Partners bought financial manager. At present, 66 per cent of the company's management team and employees, while the rest is owned by the British investment fund 3i and Hutton Collins, London Group and is owned by a group of minority shareholders, according to the company website.

Infosys said it "does not comment on rumors and speculation." Everis an email went unanswered.

Sources familiar with the developments in the negotiations on the issues of evaluation were moving at a slow pace. Everis too well the euro zone crisis that has affected many European countries, including Spain, is not due to be doing. Everis Spain Madrid headquarters, which has been severely affected by the crisis, about 70 per cent of its revenue came out.

Infosys, and again, the company is looking at acquisition targets in the European market as a vehicle to penetrate deep into the geography and adding consulting capabilities. It is now a part of Infosys 3.0 strategy reveals. In 2008, a European consulting company Exxon, which was eventually acquired by HCL Technologies had attempted to achieve.