With $1-bn Mphasis buy, Blackstone makes its boldest bet in India

| April 05, 2016

With $1-bn Mphasis buy, Blackstone makes its boldest bet in India
Private equity major Blackstone Group has made its biggest bet in India so far, buying a controlling 60.5% stake in IT services firm MphasisBSE 1.22 % from Hewlett-Packard Enterprise (HPE). The all-cash deal reinforces the bulge-bracket investment firm's bullish outlook on the outsourcing business as more and more global clients ship out IT jobs to emerging markets such as India and save costs. Edging past peer Apollo Global Management — the other serious contender in the fray — Blackstone on Monday signed a definitive agreement with HPE. The Mphasis buyout would also rank as one of the largest M&As in the country's $150-billion outsourcing sector.

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Intelligent process automation takes artificial intelligence (AI) to the next level, but what does it mean for enterprises and how can they realize this? Harsha Bhat talks about the AI journey and how the combination of AI + RPA makes end-to-end automation across line-of-business and technology appl


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Intelligent process automation takes artificial intelligence (AI) to the next level, but what does it mean for enterprises and how can they realize this? Harsha Bhat talks about the AI journey and how the combination of AI + RPA makes end-to-end automation across line-of-business and technology appl

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