Hotline: 1800 102 2007
X
Search Business Opportunities
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.

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
  • Ice creams & Yogurt Parlors
    FROZEN RIBBONS are creamy ribbons of paper thin Ice-Cream. Awarded 'THE..
    Locations looking for expansion DUBAI
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dubai DUBAI
  • Quick Service Restaurants
    About: Go Italia is a casual dining Italian cuisine restaurant with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Juices / Smoothies / Dairy parlors
    About Us:   The Crêpe Café is BFC Retail Group ’s..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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