Tech Mahindra to acquire Canadas Objectwise

Tech Mahindra Ltd, the software services arm of the diversified Mahindra Group, is acquiring Canada-headquartered IT consultancy Objectwise Consulting Group Inc for CAD 2.75 million (around $2.05 million or Rs 14.33 crore). In a stock exchange filing, Tech Mahindra said the acquisition would provide it access to Objectwise's capabilities in the implementation and support of PEGA software, a business process management tool. The company said it expects to complete the transaction by the end of next month. Incorporated in 1996, Objectwise helps its customers implement PEGA software and designs and builds client relationship management, BPM and customer servicing applications. It also provides consultancy services and helps clients staff their offices with IT personnel across the organisational hierarchy.