MphasiS buys US mortgage management firm for $175 mn

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The purchase furthers MphasiS' strategy of focusing on financial services clients, a shift the company started in 2010, CEO Ganesh Ayyar said in a statement.  (Reuters) The purchase furthers MphasiS' strategy of focusing on financial services clients, a shift the company started in 2010, CEO Ganesh Ayyar said in a statement. (Reuters)
SummaryBangalore-headquartered MphasiS expects the all-cash deal to conclude by January 31.

brand identity.

Digital Risk's founders will continue to lead the company, with Peter Kassabov reporting to Ayyar.

Digital Risk's management team and employees will remain with the company and continue serving their customers.

In this transaction, Avendus Capital acted as the exclusive financial advisor and Goodwin Procter LLP acted as legal advisor to MphasiS.

Portico Capital Securities, LLC served as financial advisor to Digital Risk and Katz, Teller, Brant & Hild acted as legal advisor to Digital Risk.

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