Source close to the development have verified that the three IT giants have reverted to the invitations to the bids sent by the Zurich-based company. With this move, the three have begun competing to acquire a company for the first time.
The three companies seek Lodestone's consulting portfolio as it would give them an edge over others in rendering higher-value services. An expert has said large IT solution providers from India are behind multinational companies like IBM and Accenture when it comes to higher-value service offerings like consulting. He said that the takeover would surely fetch higher billing rates to the company.
However, the Indian companies would have to make an effort to raise the profit levels of Lodestone, since its operating margin is in the range of low double digits
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