IT engineering companies on acquisition spree to boost their BFSI business play

Amid rapid BFSI growth, IT engineering firms are acquiring companies to boost their software engineering capabilities. Recent acquisitions by L&T Tech, Persistent Systems, EPAM, Grid Dynamics, and Globant in the US and UK aim to enhance their BFSI presence. L&T Tech acquired Intelliswift, planning to double its revenue, while Persistent bought SoHo Dragon’s assets to solidify a BFSI relationship. These acquisitions, driven by BFSI demand and interest in GenAI, will support platform development...