EDS buys into India
Complements strategy, apparently...
Posted in Financial News, 4th April 2006 11:40 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
Services behemoth EDS is buying MphasiS, an Indian outsourcing firm for $380m.
Although the price of MphasiS shares, about $4.58 per share, represents a 30 per cent increase on their six month average price, investors were not impressed. MphasiS shares on the Bombay stock exchange fell 1.8 per cent to 212 rupees.
The deal depends on EDS getting 83m shares, or 52 per cent of the firm.
MphasiS employs 11,000 people in India, and another 1,000 elsewhere, and has customers in airlines, banking, brokerage, insurance, retail and technology firms.
"This offer is complementary to our overall strategy to enhance EDS' presence and capabilities in India," EDS chairman and chief executive officer Mike Jordan said.
EDS expects the deal to close in the third quarter.
More details from the EDS press release here. ®
Free whitepaper – Migrating to the new Dell Management Console

Automating the Acquisition Process with Enterprise Level CRM
10 Strategies for Choosing a Midmarket ERP Solution
Enabling the Agile Data Center
10 Steps to a Successful CRM Implementation

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter