As a commitment to position the company as a strong player in Ireland by leveraging the local talent pool, Tech Mahindra of India , a specialist in digital transformation, consulting and business re-engineering, opened a Centre of Excellence (CoE) in Dublin in 2017. The Centre of Excellence in Dublin is to focus on digital technologies , a center to employ around 150 engineers over next 3 years .As a part of that initiative Tech Mahindra acquires 70% equity stake of Perigord Life Science Solutions to augment domain expertise in the global Pharmaceutical, Healthcare and Life Science sectors of the firm.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. They are a USD 5.2 billion company with 124,250+ professionals across 90 countries, helping 988 global customers including Fortune 500 companies.Tech Mahindra is a part of the USD 21 billion Mahindra Group that employs more than 240,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Perigord Life Science Solutions are leaders in the provision of packaging artwork services and software solutions for the Pharmaceutical industry. We have built up an unparalleled level of expertise and experience serving these highly regulated sectors, and developed the world’s only dedicated Pharmaceutical Artwork Management System, “GLAMS.”
Alan Leamy, Chief Executive Officer, Perigord Life Science Solutions, said, “We are excited and looking forward to joining forces with the Tech Mahindra family as this partnership is the perfect mix of scale, technology, expertise and timing that will enable the company to continue our journey as the world’s leading provider in Pharmaceutical labelling, artwork and workflow solutions. Both companies’ future ambitions and desires to digitally transform the world of Pharmaceutical packaging services will deliver long-term innovative solutions to our clients that will future proof their needs over the next ten years.”
Vivek Agarwal, Head Corporate Development & Global Head for Financial Services and Healthcare, Tech Mahindra, said, “Healthcare and Life Sciences (HLS) is a key vertical for Tech Mahindra and this acquisition will expand our footprint globally in these domains. Perigord’s disruptive proprietary platform and expertise in the artwork space and Life Sciences industry will add significant value to our offerings and capabilities. We welcome Perigord employees into the Tech Mahindra family and look forward to achieving great success together.”
Ritesh Idnani, President, Business Process Services, Tech Mahindra, said, “This acquisition lies at the centre of our strategic priorities around platform-led BPaaS offerings, expanding our global footprint and bolstering our capabilities in the digital supply chain in the Healthcare and Life Sciences market. Further, it will consolidate our leadership in using technology to render next generation offerings to our clients, and together, we aspire to leverage synergies of both organisations to deliver seamless services to our customers across the globe.”
The acquisition underlines Tech Mahindra’s focus on digital growth, under the TechMNxt charter, which focuses on leveraging next generation technologies and deliver disruptive solutions to enable digital transformation and meet the evolving and dynamic customer needs.