EDS to Buy Majority Stake in Indian Outsourcer
EDS is making an offer for 52 percent of Mphasis, an applications and business process outsourcing services company, in Bangalore, India.
ORLANDO, Fla.Electronic Data Systems is making an offer for 52 percent of Mphasis BFL Limited, an applications and business process outsourcing services company, in Bangalore, India. "This offer is complementary to our overall strategy to enhance EDS presence and capabilities in India," said Michael Jordan, EDS chairman and CEO, in a statement.At the Gartner Outsourcing Summit here April 3-5, EDS announced separately a CRM (customer relationship management) solution that a company spokesperson said is intended to leverage the call center capabilities of Mphasis.
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An EDS spokesperson said it expects the transaction to gain the majority stake in Mphasis to be completed by early third quarter of 2006. Mphasis currently has approximately 12,000 employees, including about 11,000 in India. Mphasis serves clients in multiple industries, including financial services, transportation, technology and health care.
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