New Delhi, Oct. 21 -- Top and mid-sized Indian IT services and software-as-a-service companies are scouting for companies generating between $20 million and $60 million in annual revenue in the US, the UK and Western Europe to build their data analytics and AI capabilities, people familiar with the matter told Mint.

Transactions in the $100 million-200 million valuation range are also under way, experts said.

Datatonic, a cloud data and artificial intelligence (AI) consultancy based in London, is considering a stake sale and has attracted interest from international companies including top Indian IT services firms, two people said.

"The company is exploring both a minority and majority stake sale," said one person. The discussions rema...