MphasiS has signed a definitive deal to acquire 100 per cent stake in Fortify Infrastructure Services (FIS), a provider of offshore based Remote IT Operations and Management (ROM) Services, for $15.5 million in an all cash transaction.
With this acquisition, MphasiS – which is an IT solutions, services and BPO provider in application development, system integration, product implementation, consulting services – believes that it will be able to provide outcome based services that go beyond technical SLAs.
Ganesh Ayyar, CEO of MphasiS, said, “This acquisition will catapult us ahead as a provider of offshore-based ROM services. Mid market customers are looking for partners to solve the challenges of operating and managing their IT. We see this as our sweet spot to provide cost effective and outcome based ROM services.”
In a press release, MphasiS said that this acquisition will give it access to marquee customers, an experienced management team, a talent pool of highly specialised professionals and a proven platform to provide ROM services.
Rajkumar Velagapudi, CEO of Fortify Infrastructure Services, said, “Our proven industry track record in providing outcome-based ROM services, coupled with MphasiS’ rich expertise and leading offshore capability will provide mid market customers a flexible, high-value operations management platform that is focused on achieving their business objectives.”
FIS has presence in India and the US with 250 employees.
Monday, April 12, 2010
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