A churning is taking place in the Indian software industry.
Successive slowdowns and upturns through the last decade have separated the men from the boys.
The leaders that have thereby emerged have put a big distance between them and the medium-sized firms with not much of a future for the latter.
One of the latest manifestations of this is Patni, a large middle-rung firm, getting taken over by iGate which has decided to try and buy itself into the big league under the leadership of Phaneesh Murthy.
Whether money can buy a slot in the premier league is not yet clear but what money plus capabilities can deliver is clear from the way Tech Mahindra is headed for the top league by appearing to make a success of the acquisition of Satyam.
Source:-http://www.sify.com/finance/churning-in-software-news-analysis-lb1barebcec.html
