MphasiS to buy Digital Risk for $175 mn

Dec 04 2012, 01:40 IST
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SummaryFlorida-based Digital Risk is one of the largest independent providers of solutions related to risk, compliance and transaction management to the US mortgage market.

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.

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