IT Services Acquisitions in 2011

Computer Services, Inc. (CSI) completed the acquisition of Fort Collins-based HEIT, a provider of cloud-based managed compliance, security and IT services for financial institutions. CSI purchased all outstanding shares using cash and CSI stock, adding HEIT's managed services capabilities and roughly 400 financial-institution customers to its platform.

HiSoft Technology International Limited acquired 100% of Nouveon Technology Partners, Inc. (NouvEON) in July 2011 to strengthen its higher value IT and process consulting capabilities and expand its U.S. presence. Nouveon, a Charlotte-based provider of IT and process consulting with domain expertise in financial services and energy, will keep its existing management team in place.

Intermec has acquired Enterprise Mobile, a provider of mobile device lifecycle services including deployment, training, help-desk support, replacement and repair. The business will be folded into Intermec Global Solutions to expand Intermec’s lifecycle service capabilities, extend support into non-rugged device markets and strengthen offerings to channel partners.

iGATE Corporation agreed to acquire a majority stake in Mumbai-based Patni Computer Systems Ltd. in a transaction valued at approximately $1.22 billion (including an open offer), buying stakes from the Patni founders and General Atlantic. The deal creates a combined company with nearly $1 billion in revenues and roughly 24,800 employees, intended to expand vertical capabilities, scale, and cross-selling opportunities across banking, insurance, manufacturing, retail and media.