Mindtree to buy US company for $15 million

Mindtree to buy US company  for $15 million

Mindtree will acquire US-based insurance solutions provider Discoverture Solutions for $15 million (over Rs 92 crore), a move aimed at helping the mid-sized Indian IT firm tap the $1.5 billion opportunity in the global P&C services market.

“The addition of Discoverture will accelerate our journey to be amongst the top three service providers in the Global property and casualty services industry,” said Mindtree CEO and MD Krishnakumar Natarajan.

The company posted 58.6 per cent growth in net profit at Rs 140.8 crore for the quarter ended December 31, 2014.

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