Fast-growing Indian outsourcer is keen to expand on the global market India’s second largest outsourcer, Infosys Technologies, is considering a bid for French IT services company Capgemini, according to a newspaper report. The Times of India of Mumbai quoted an industry source on Friday as saying the move was a natural progression for a fast-growing Indian tech firm keen to make an impression on the global market. Infosys declined to comment on the reports. “We do not comment on market rumors,” a spokeswoman for the company said Friday. However, Infosys, in Bangalore, indicated at its analyst conference in April that it may consider an acquisition. An acquisition deal between Infosys and Capgemini is unlikely to happen, said Siddharth Pai, a partner at consultancy firm Technology Partners International in Houston, Texas. Infosys might acquire Capgemini to get access to European markets, where it doesn’t have a large presence, but the cultural incompatibilities between the two companies are very high, he added. A number of Indian outsourcing companies including Tata Consultancy Services (TCS) and Wipro have acquired companies abroad to increase their geographic reach and to focus on new industry sectors. Capgemini used acquisitions as way to win new business and add staff in India. Last year, the company acquired a 51 percent stake in Unilever India Shared Services, a subsidiary of European consumer goods maker Unilever Group. That business will become a wholly owned subsidiary of Capgemini by 2008. In February, Capgemini acquired Kanbay International, an IT services firm in Rosemont, Illinois, to boost its services delivery from India, and its business in the financial services sector. Infosys reported revenue of $3.1 billion for the fiscal year ended March 31 this year, and has forecast revenue of about $4 billion in its current fiscal year ending March 31 next year. The company had a market capitalization of $27 billion as of March 31. Capgemini is a larger company with revenue of $10 billion for its fiscal year ended December 31. Technology Industry