May 31st, 2012

IT Services Consolidation: CGI To Buy Logica For $2.6B (And Crashes Logica’s Site In Process)

logica logo

Some enterprise IT consolidation afoot, and a sign of the business crunch that the enterprise market has witnessed in the last year. CGI Corporation, an IT services firm based in Canada, has made an all-cash offer of $2.6 billion (£1.7 billion) to buy UK rival Logica, a deal that would create one more IT services powerhouse to rival the likes of IBM, Accenture and KPMG.

The offer represents… → Read More