Indian IT Firms Acquire 15 Captive R&D Centers

With global recession impacting most R&D firms, cash rich Indian R&D service providers, including Symphony Services, HCL Technologies, Mind Logic, Persistent Systems and L&T Infotech, have acquired about 15 captive centers over the last two years

In fact, Symphony Services has acquired close to seven companies while Global Logic has acquired about four. HCL, Persistent, L&T and others have acquired one each in the R&D sector.

The captive centers acquired are as follows: Symphony Services - In-reality, Intransa, CT Space, Cambridge Tech Partners; GlobalLogic India - Mantas India, Validio Software, Kewill Software Solutions, Praedea Solutions; HCL Technologies - Adaptec India; Persistent Systems - Metrikus and L&T Infotech - GDA Technologies.

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