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Tuesday, August 26, 2008 10:51 AM/EST

Real Globalization


Another sign of maturation for India's tech industry: Infosys buys UK-based consultancy Axon for about $750 million.

WSJ: The deal is designed to bolster Infosys's consulting business, which has struggled to grow in recent years...The acquisition could herald a trend toward larger deals in the sector, as Infosys's competitors look to bulk up their consulting arms as well.

A lukewarm view of the deal from India's Economic Times.

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