View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
December 3, 2012

MphasiS to buy Digital Risk for $175m

The acquisition will enable Digital Risk to provide enhanced Risk, Compliance and Transaction Management applications for the mortgage industry

By CBR Staff Writer

MphasiS, a unit of HP has agreed to acquire Digital Risk, a US based provider of risk, compliance and transaction management applications for for $175m to expand its reach in US mortgage market.

The acquisition will enable Digital Risk to provide enhanced risk, compliance and transaction management applications for the mortgage industry as well as enhance MphasiS’ onshore presence in the US.

Digital Risk’s proprietary Making Mortgages Safe applications suite is deployed by over 15 blue chip clients across key mortgage constituencies, including Originators, Insurers, Issuers and Investors.

Following the acquisition, Digital Risk will operate as a standalone business unit retaining its brand while company’s founders will continue to lead the company, with Peter Kassabov reporting to Ganesh Ayyar, CEO MphasiS.

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

MphasiS CEO Ganesh Ayyar said Digital Risk offers specialised services in risk and compliance area, specific to mortgage industry.

"Their analytics platform combined with 1500 mortgage specialists makes them unique and differentiated," said Ayyar.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.