Avendus Capital Advises Tech Mahindra on Their Acquisition of Momenton, a Digital Enterprise Technology Firm

The acquisition of Momenton is in line with our strategy to strengthen our digital capabilities, and offer our clients end-to-end transformation services. This will significantly enhance our local presence in the markets, and the combination will create significant synergies and help in bringing next generation solutions to customers, enabling them to run better, change faster and grow bigger. We welcome the team of Momenton into the Tech Mahindra family, and look forward to creating and delivering enhanced customer experiences for our customers.

This acquisition of Momenton by Tech Mahindra, emphasizes continued interest in the dynamic and fast growing digital engineering services fuelled by cloud native architectures. It also underscores the attractiveness of the ANZ market for global technology majors. The deal represents Avendus’s the third technology services transaction in Australia, and its second deal closure in the digital transformation services space since the onset of the pandemic.