Significant move on the Indian IT front. This is a big jump on part of TechM to significantly expand their offerings. TechM till now has been focused heavily on Telecom deals. They haven’t had too many wins in Government, Banking and ERP Implementations.
Also the TechM managment team is probably more suited to aggresively capitalise on this. I doubt that L&T or CTS would have been able to leverage the acquisition as well.
Probably the big loser from all this is likely to be HCL.