MindTree will also announce an open offer to Aztecsoft’s public shareholders to purchase up to an additional 20 per cent equity ownership interest, a company statement said. These transactions are subject to customary regulatory filings, clearances and approvals, it added. After the completion of these transactions, MindTree will initiate the process of merging Aztecsoft into itself.

“This marks a momentous occasion for us all. Aztecsoft is truly aligned with MindTree’s values, culture and high standards of corporate governance. We believe this step will be beneficial for customers, people and shareholders of both organisations,” said MindTree Chairman & Managing Director Ashok Soota.
With the addition of Aztecsoft, MindTree will offer customers a complete end-to-end OPD product stack encompassing embedded, platform/infrastructure, middleware, application, and SaaS/cloud-computing software segments.

The combined entity will, thus, cover the entire product development stack. In addition, Aztecsoft also brings deep expertise in independent testing.

Together, MindTree will have a 2,000 plus testing services team, making it one of the strongest in the market.