Thursday, May 2

Tag: Headstrong

Hexaware and Mphasis Eyeing to Acquire Genpact Unit Headstrong
BUSINESS

Hexaware and Mphasis Eyeing to Acquire Genpact Unit Headstrong

Bengaluru based IT Consulting and Services firm Genpact unit Headstrong is likely to get acquired in a bid where Hexaware Technologies, Mphasis and L&T Infotech are being considered as potential investors. According to sources familiar with the matter, company's current valuation is currently being valued at around $200 million. Genpact acquired a capital markets domain specialist called Headstrong seven years ago. At present, it may bring around $200 million or less than half of the amount paid by Genpact in the process of sale. The firm bought Headstrong in an all-cash deal to distort to a domain specialist so as to benefit the customers through integrated service offerings. The words of Hfs Research's CEO, Phil Fersht were that they desired to build a credible IT service. T...