MphasiS today announced that it has reached a definitive agreement to acquire Fortify Infrastructure Services, a global 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 will give MphasiS access to marquee customers, an experienced management team, a talent pool of highly specialized professionals and a proven platform to provide ROM services. This will be part of a new business unit which focuses on ROM services.
MphasiS is now positioned to take lead in the rapidly emerging market for offshore ROM services. Through this acquisition, MphasiS will be able to provide outcome based services which go beyond technical SLAs. This disruptive approach will be a game changer amongst providers of offshore ROM services.
“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.” said Ganesh Ayyar, CEO MphasiS.
“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,” said Rajkumar Velagapudi, CEO of Fortify.
MphasiS will be acquiring a 100% equity stake in Fortify Infrastructure Services in an all-cash transaction. MphasiS was advised by Avendus Capital in this transaction.
Fortify Infrastructure Services is a privately held company with presence in India and the US. The acquisition will give MphasiS access to marquee customers, an experienced management team, a talent pool of highly specialized professionals and a proven platform to provide ROM services. This will be part of a new business unit which focuses on ROM services.
MphasiS is now positioned to take lead in the rapidly emerging market for offshore ROM services. Through this acquisition, MphasiS will be able to provide outcome based services which go beyond technical SLAs. This disruptive approach will be a game changer amongst providers of offshore ROM services.
“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.” said Ganesh Ayyar, CEO MphasiS.
“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,” said Rajkumar Velagapudi, CEO of Fortify.
MphasiS will be acquiring a 100% equity stake in Fortify Infrastructure Services in an all-cash transaction. MphasiS was advised by Avendus Capital in this transaction.
