Atos is an IT services company whose activities include cloud computing, big data and cyber security, said that the deal was unanimously approved by the boards of both companies and is planned to close by year end.

Syntel describes itself as a company that helps “global enterprises evolve their core IT applications, infrastructure and business processes by leveraging intelligent automation, scaled agile development and cloud computing solutions”.

Syntel is a 38 year old information technology company with 23,000 employees.

The deal, which is subject to regulatory approval, was unanimously approved by Syntel’s board of directors, the companies said in a joint statement.

Syntel Chief Executive Rakesh Khanna will become a member of Atos’ executive committee.