MphasiS to buy Digital Risk for $175 mn

It firm MphasiS today said it will acquire US-based Digital Risk for $175 million (about Rs 960 crore) in all-cash deal, a move that will help it attain leadership position in the trillion dollar US mortgage services market.

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.

"We have worked out an earn-out plan spread over 30 months. All put together, the deal will be marginally in excess of $200 million," MphasiS CEO Ganesh Ayyar said.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus