BENGALURU, Jan. 27 -- Zensar Technologies Ltd is set to get less business from Cisco Systems, one of its top five clients, as the US technology major pares the number of IT vendors it works with and tightens discretionary spending, people with knowledge of the matter said.

The development makes Zensar the fifth Indian information technology (IT) services company in the past year to face pressure in a top account, underscoring a broader trend of global clients rationalizing vendors and cutting costs, moves that are weighing on growth prospects for mid-tier IT outsourcers.

Peers including Hexaware Technologies Ltd, Mphasis Ltd, LTIMindtree Ltd, and Sonata Software Ltd have all lost business from their largest clients over the last year. ...