EDS’s Indian subsidiary, MphasiS, has reached a deal to purchase the India-based IT services and solutions unit of American International Group (AIG). Financial terms were not disclosed. AIG Systems Solutions Private Ltd has more than 800 staff in Chennai and Kolkata, according to an MphasiS statement.
MphasiS, a subsidiary of EDS (an HP company), receives more than 39 percent of its revenue from financial services and insurance industry clients and will be able to expand its offerings for the insurance sector with this acquisition, according to a statement issued by the company.
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