Indian software firms are looking for acquisitions as they build capabilities in key business segments and geographies to take advantage of the gradual recovery in technology spending globally. India's $60 billion software services sector had to battle demand for price cuts a few quarters ago, as clients cut back on outsourcing in a sluggish global economy, but are now seeing a rebound in demand and an improvement in the pricing environment. India's leading software firm Tata Consultancy Services (TCS.BO) on Tuesday said it was willing to spend as much as $500 million for acquisitions in segments such as healthcare, and in regions such as Germany.
Source
