PLANO, Texas, June 21 /PRNewswire-FirstCall/ -- EDS today announced it has completed the acquisition of a majority stake in MphasiS BFL Limited, a leading applications and business process outsourcing (BPO) services company based in Bangalore, India. EDS acquired 83 million shares (approximately 52%) of MphasiS for approximately US$380 million in cash.
MphasiS will operate as an independent EDS company. With the addition of MphasiS and current expansion plans, EDS' total India work force is projected to exceed 20,000 by year end.
About MphasiS
MphasiS BFL Limited (Bombay Stock Exchange: 526299 and National Stock Exchange of India: MPHASISBFL), a leading applications and business process outsourcing (BPO) services company based in Bangalore, India, currently has 12,000 employees, including 11,000 in India. MphasiS serves clients in multiple industries, including financial services, transportation, technology and healthcare, and is particularly strong in the retail banking sector serving the world's top five banks. To know more, please visit http://www.mphasis.com/
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. EDS had 2005 revenue of $19.8 billion. Learn more at http://www.eds.com/ .
EDS MEDIA CONTACTS:
Toto Lahiri EDS - India Travis Jacobsen EDS - U.S.
+91 98112 03265 972-797-8751
