Tag: MphasiS

Mphasis buys Datalytyx

Posted on November 23, 2020 by - News

Mphasis has written a cheque for data engineering and consultancy company Datalytyx.

Datalytyx  said it provides  Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally. As the first Snowflake Rockies Partner in the UK, a Snowflake Select Solutions Partner, and a Platinum VAR partner of Talend, Datalytyx provides services for modern data projects enabling faster, more accurate analysis and Artificial Intelligence (AI).

[If you find this first paragraph puzzling, don’t worry. I do too, Ed.]

Since it started, Datalytyx has been supporting data projects by providing a managed data platform for analytics and machine learning, using best-in-class data tools. The company integrates client environments with platforms from its partners – Talend and Snowflake, creating a single integrated platform for Data and AI. Through its best and brightest talent (including engineers, scientists, and analysts) and data expertise, Datalytyx has been driving digital transformation for its clients.

Mphasis partners with Camunda

Posted on June 11, 2019 by - News

Cloud-based solutions provider Mphasis has teamed up with business process outfit Camunda, to gain a stronger digital foothold for existing clients and partners and further grow presence in global markets across financial services.

The pair believe that the partnership will increase value-added services with Camunda’s cloud and BPM technology, capturing larger market share, enhance onboarding services for new clients, increase top-line revenues and upgrade bottom-line operations with partner tools and frameworks.

Mphasis hires Bhatia

Posted on May 8, 2019 by - Moving People, News

IT solutions outfit Mphasis has appointed Anurag Bhatia as Senior Vice President and Head of Europe business.

Bhatia would be responsible for spearheading growth strategies, client pursuits and enhancing client success in the region.

Bhatia has over twenty years of technology services experience in multiple large outsourcing projects globally. He joins the European team from Mphasis US, where he has been part of the GTM unit for past five years, leading Service Transformation in his most recent role.

Blackstone to buy HPE’s Indian outsourcing business

Posted on March 18, 2016 by - News

India_flagPrivate equity outfit Blackstone is close to a deal to buying Hewlett Packard Enterprise’s controlling stake in Indian IT outsourcing services provider MphasiS.

The deal is worth about $940 million. HPE owns roughly 60.5 percent stake in MphasiS, and now wants out from the Indian outfit to shore up its capital.

Bids for MphasiS were submitted earlier this month and Blackstone is the front-runner for taking majority ownership of the mid-sized Indian IT services exporter.

Financial details of the possible deal were not immediately known. Based on MphasiS’ stock price on Thursday, the HPE stake in the Bengaluru-headquartered company is valued at about $940 million. The company’s total market value is about $1.6 billion.

MphasiS is a rival for Tata Consultancy Services and Infosys but is not likely to command a very high valuation as a major part of its business depends on subcontracting by HPE.

MphasiS used to generate half of its cash by providing services to HPE’s clients. This is now only 24 percent of the firm’s total revenue.

The MphasiS deal, if closed, will be one of the biggest M&A transactions in India’s $150 billion outsourcing sector and indicates that the outsourcing market may still have life in it.

MphasiS was formed in 2000 and six years later Electronics Data Systems Corp acquired a majority holding in the company. In 2008, EDS was acquired by Hewlett Packard, which resulted in the transfer of the shareholding to the computer maker.