Indian software services firm MphasiS has entered into a definitive agreement to acquire Fortify Infrastructure Services, a provider of offshore based remote IT operations and management (ROM) services.
Fortify Infrastructure Services is a privately held company with presence in India and the US. The acquisition is expected to give MphasiS access to marquee customers, an experienced management team, a talent pool of specialised professionals and a platform to provide ROM services. This will be part of a new business unit which focuses on ROM services.
MphasiS said that the acquisition will enable it to provide outcome based services which go beyound technical SLAs. MphasiS will acquire a 100% equity stake in Fortify Infrastructure Services in an all-cash transaction.
Ganesh Ayyar, CEO of MphasiS, said: “This acquisition will catapult us ahead as a provider of offshore based ROM services. Mid Market customers are looking for partners to solve the challenges of operating and managing their IT. We see this as our sweet spot to provide cost effective and outcome based ROM services.”
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Rajkumar Velagapudi, CEO of Fortify, said: “Our proven industry track record in providing outcome-based ROM services, coupled with MphasiS’ rich expertise and leading offshore capability will provide Mid Market customers a flexible, high-value operations management platform that is focused on achieving their business objectives.”
