Mphasis acquires US-based Stelligent for $25 million
Stelligent specialises in ‘DevOps automation’ on Amazon Web Services, the online retail giant’s cloud offering
Mumbai: Mid-size information technology company Mphasis Friday announced acquisition of a US-based technology services player Stelligent for $25 million in an all-cash deal.
Established in 2007, the Reston, Virginia- headquartered Stelligent specialises in ‘DevOps automation’ on Amazon Web Services (AWS), the online retail giant’s cloud offering, an official statement said.
Mphasis chief executive and executive director Nitin Rakesh said the advent of public cloud infrastructure and SaaS (software as a service) software has increased the importance of rapid automation in product development and product engineering for enterprises moving to the cloud.
“Together with Stelligent and its community heroes in the AWS ecosystem, we believe we are uniquely positioned to take advantage of this market opportunity,” he added.
The all-cash acquisition is valued at $25 million, the statement said.
Stelligent has a team of over 50 engineers with 100 certifications, the statement said, adding it serves some Fortune500 companies as well.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
- States, PSUs invited to bid for Air India building at Nariman Point
- HDFC Bank Q3 net profit rises 20% to Rs 5,586 crore
- FedEx starts $575 million worker buyout as overseas demand cools
- Facebook faces potential record US fine on privacy violations: Report
- India’s data must be controlled by Indians, not by global corporates: Mukesh Ambani on data colonisation
Editor's Picks »
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies