Mindtree signs deal to acquire Magnet 360

Mindtree IndiaMindtree announced its deal to acquire Magnet 360, a Salesforce Platinum consulting partner, to strengthen its digital business.

Magnet 360 has expertise across Salesforce Sales, Service and Marketing Cloud implementations.

The acquisition of Magnet 360, which is headquartered in Minneapolis with offices in New York, Los Angeles and Chicago, enables Mindtree to address the cloud-based services market.

With the acquisition of Magnet 360, Mindtree adds more than 100 certified Salesforce experts. This strengthens Mindtree’s ongoing focus on delivering customer success by helping clients digitize their entire back-end value chains.

“We are now seeing clients starting to invest heavily in digital transformation programs beyond just building the customer experience layer,” said Krishnakumar Natarajan, CEO and MD of Mindtree. “This acquisition will strengthen our offerings in digitizing the value chain and building sense-and-respond systems.”

Meanwhile, Mindtree said its revenues rose 24.8 percent to $184.4 million for the third quarter ended December 31, 2015. The company added 1,306 employees during the quarter on a gross basis. At present, Mindtree has 16,243 employees.

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