Mphasis Eyes Double-Digit Revenue From Blackstone

Mphasis is eyeing double-digit revenue contribution from companies in the portfolio of Blackstone, American private equity firm that owns a majority stake in the software services firm, up from around 5% at present, said its chief executive Nitin Rakesh. Historically, the IT and business…

DXC’s Acquisition of Luxoft Will Likely Reduce Its Dependency On Mphasis

DXC Technology’s decision to acquire niche engineering services firm Luxoft may be considered as a step towards eventually reducing its dependency on Mphasis, said analysts. DXC, an IT and digital services company, was formed in April 2017 after the merger of CSC and the…

KPIT-Birlasoft Deal: Mid-sized IT Companies Can Follow New Model

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Private Equity Firms See Gold In Mid-Size Indian IT Firms

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IT Majors’ Share Buyback: Shouldn’t They Fuel Innovation And Support Startups Instead Or Are They Done

Every shareholder is happy when a share buyback is announced. Some even pressure companies to repurchase shares because they see no value in remaining shareholders of the company. And sometimes it is the management that wants to be free of…

Wyde Pitches For The Trillion-Dollar Insurance Market

While it may not be one of those typical posh offices in Manhattan’s Park Avenue, the office of Wyde.com is nonetheless upscale for a small technology business. At building No. 460, Rajesh Makhija, CEO of the $50-million software product SMB,…

Blackstone India takes Mphasis off HP’s hands for ₹7,100 crore

Private equity player Blackstone India announced that it will buy Bengaluru-based Mphasis for ₹7,100 crore, making it the largest deal in India and bringing to a close speculation over the future of Mphasis. The PE major will acquire Hewlett-Packard’s 60.5…

#GreyhoundInMedia: @HP spinoff likely to hit #Mphasis outsourcing biz #Press #Media #HinduBusinessLine

HP’s decision to split its business could further impact Mphasis outsourcing business and lock horns with the technology giant in some business areas. According to Sanchit Vir Gogia, Chief Analyst & Chief Executive Officer of Greyhound Research, with this move,…

#GreyhoundInMedia: Lacking Emphasis #Press #Media #HP #MphasiS

Earlier this year, MphasiS, the bangalore based software services player, unveiled its new logo with great fanfare. The logo had a new visual appeal, with the subtext ‘Unleash the Next’, in place of ‘An HP Company’ earlier. Speaking on the occasion,…