Tech Mahindra has agreed to acquire Momenton, a digital enterprise technology firm, offering consultancy and implementation services, and Tenzing , a technology consulting company as part of the strategy to enhance business in Australia and New Zealand.
“The acquisition of Momenton and Tenzing are in line with our strategy to strengthen our digital capabilities, and offer end-to-end transformation services. This will enhance our local presence in the markets,” Vivek Agarwal, head Corporate Development & Global Head for Healthcare and Financial Services, Tech Mahindra, said.
Jeff Ferdinands, country head – ANZ, Tech Mahindra, said: “The addition of Momenton and Tenzing will strengthen Tech Mahindra’s position in the ANZ marketplace, especially in the financial services sector.”
Momenton, is a Melbourne-based digital enterprise technology firm offering consultancy and implementation services in enterprise agility, product enablement, engineering and emerging technology to clients across industries with advanced capabilities in digital engineering and cloud native architectures.
Tenzing is a management and technology consultancy offering, business strategy, insurance core system transformation, program management, target operating model design across industries and public sector organizations.