India's Tata Consultancy buys French IT provider Alti

BANGALORE (Reuters) - Tata Consultancy Services , India's top software services provider, will buy privately held Alti SA of France for 75 million euros ($98 million) -- an acquisition that highlights the industry's growing interest in France and Germany. The French provider of business management software services had revenues of 126 million euros in 2012 with customers in financial services, manufacturing and utilities. "This acquisition underlines our long-term, strategic commitment to France, which is the third largest IT services market in Europe," TCS CEO N. ...

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