You are here: Home » PTI Stories » National » News
Business Standard

Mphasis acquires Stelligent for $25 mn

Press Trust of India  |  New Delhi 

IT firm Thursday said it has acquired in an all-cash deal valued at USD 25 million (about Rs 175 crore).

Headquartered in Reston, US, Stelligent provides and DevSecOps solutions on (AWS).

has acquired Stelligent from that had bought the company in March last year, said in a BSE filing.

The acquisition is expected to provide access to strategic proposition in Cloud and DevSecOps within AWS ecosystem, the filing said.

It added that the transaction also provides Mphasis capabilities, experience and certified AWS engineers as well as participation in various AWS programmes.

The value of the deal is "up to USD 25 million including employee retentions", the filing said.

DevOps refers to a methodology that combines with IT operations.

Founded in 2007, Stelligent has been providing enterprises, including

Fortune 500 companies, with integration and delivery solutions on AWS. It has a team of over 50 engineers.

The advent of and SaaS software has elevated the importance of rapid automation in product development and product engineering for enterprises moving to the cloud, Mphasis said.

"This (acquisition) allows us to join forces with an equally technically-deep company, bringing innovative, to enterprises in all Mphasis client segments," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 21:40 IST
RECOMMENDED FOR YOU