Mphasis, a leading IT services provider, has announced the signing of a definitive agreement to transfer a significant portion of its domestic business, to Hinduja Global Solutions (HGS). HGS is a global BPM leader in optimizing customer experience for clients.
"Focus and specialisation will be key to success in the new digital world. I am happy to see that with this agreement, Mphasis will further intensify our focus in Digital, Governance Risk and Compliance (GRC), Application Maintenance Services (AMS) and Infrastructure Services (IS). HGS’ specialisation will bring excellent value to the in-scope domestic customers and employees in India," said Ganesh Ayyar, CEO of Mphasis.
Hailing the acquisition, Elango R, Chief Human Resources Officer and Head Emerging Geographies Business Unit of Mphasis said, "Our employees have found a new home in HGS and will play a pivotal role in augmenting their India footprint. A dedicated unit has been set up to ensure smooth transfer for all employees. There would be no loss of jobs or headcount reduction."
Considering this deal as an opportunity to enter Indian markets, Partha DeSarkar, Chief Executive Officer of HGS said, "We see an environment of bullishness in India where companies are getting back into investment mode and looking for ways to enable higher growth. This acquisition is opportunistic and fits well into our growth plans. It adds scale and a wider footprint even as we enhance our capabilities and gain an outstanding team of domain specialists to cater to our clientele."
This agreement is subject to regulatory approvals.
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