2013-03-04

MphasiS open to small and medium companies’ acquisition

HP-owned IT services firm MphasiS has said that it is open to acquisition of small and medium sized companies, which can help it enhance value proposition in banking and capital markets.

MphasiS open to small and medium companies’ acquisition

HP-owned IT services firm MphasiS has said that it is open to acquisition of small and medium sized companies, which can help it enhance value proposition in banking and capital markets.

Last year, the Bangalore-based IT firm had announced to acquire US-based Digital Risk for $175 million (about Rs 960 crore), a move aimed at attaining leadership position in the US mortgage services market. The acquisition was completed last month.

Florida-based Digital Risk is one of the largest independent providers of solutions related to risk, compliance and transaction management to the US mortgage market.

The company reported a marginal dip in consolidated net profit to Rs 184.4 crore for the quarter ended January 31, 2013, as against Rs 184.84 crore for the November 2011-January 2012 quarter.

Its revenues, however, declined 8.05 per cent to Rs 1,257.08 crore for the reported quarter as against Rs 1,367.18 crore for the corresponding period last year.

The banking and capital market segments contributed Rs 315.98 crore to the quarter’s revenues, while insurance accounted for Rs 154.18 crore.

IT, Communication and Entertainment vertical contributed Rs 317.06 crore and Emerging Industries segment accounted for Rs 493.21 crore of the quarter’s revenues.

MphasiS, which employs around 36,000 people, offers integrated services in applications, infrastructure services and business process outsourcing.

Related opportunities
  • Gems And Stones
    Khanna Gems is a vertically integrated organization focused completely on..
    Locations looking for expansion Delhi
    Establishment year 1987
    Franchising Launch Date 2020
    Investment size Rs. 30lakh - 50lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Department & Convenience Stores
    We aspire to revolutionise young India's entrepreneurial landscape by establishing..
    Locations looking for expansion Karnataka
    Establishment year 2021
    Franchising Launch Date 2022
    Investment size Rs. 10lakh - 20lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: iBent Energy Pvt. Ltd. is a 100% Indian electric..
    Locations looking for expansion Punjab
    Establishment year 2022
    Franchising Launch Date 2022
    Investment size
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ludhiana Punjab
  • Alliance Recruitment Agency is one of the leading global recruitment,..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size Rs. 2lakh - 5lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads