EDS Completes Acquisition of Majority Stake in MphasiS

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Press Release –

http://www.insidearm.com/news/00009769-eds-completes-acquisition-of-majority-sta/

EDS today announced it has completed the acquisition of a majority stake in MphasiS BFL Limited, a leading applications and business process outsourcing (BPO) services company based in Bangalore, India. EDS acquired 83 million shares (approximately 52%) of MphasiS for approximately US$380 million in cash.

MphasiS will operate as an independent EDS company. With the addition of MphasiS and current expansion plans, EDS’ total India work force is projected to exceed 20,000 by year end.

EDS Completes Acquisition of Majority Stake in MphasiS

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