Tuesday, April 23

Tag: Mphasis

IT Company Mphasis Acquires Virginia-based Stelligent Systems
9Nov By Gauri SinghNo Comments
ACQUISITION

IT Company Mphasis Acquires Virginia-based Stelligent Systems

IT services company Mphasis is making big investments and has acquired Virginia-based cloud technology services company Stelligent Systems LLC in an all-cash deal. This deal has been valued at $25 million. The acquired company has specialization in DevOps automation on Amazon Web Services (AWS), which means, as more enterprises move to the cloud, Stelligent helps them deploy applications on the cloud with greater speed, agility and security. “Together with Stelligent and its community heroes in the AWS ecosystem, we believe we are uniquely positioned to take advantage of (public cloud infrastructure and SaaS software) market opportunity,” said Nitin Rakesh, CEO and Executive Director, Mphasis. “This allows us to join forces with an equally technically-deep company, bringing innovative,...
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Hexaware and Mphasis Eyeing to Acquire Genpact Unit Headstrong
21May By Lavina TolaniNo Comments
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...
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