Mphasis Consulting Ltd to acquire eBECS Ltd

Mphasis Consulting Limited, a wholly owned subsidiary of Mphasis Limited, has today signed a definitive agreement to acquire 100% of the shares in eBECS Limited (a wholly owned subsidiary of DXC UK International Operations Limited), (the "Acquisition"), subject to fulfilment of closing conditions.

eBECS Limited is a subsidiary of DXC UK International Operations Limited. It is one of the largest Microsoft Dynamics partners in the UK and Ireland region.

The acquisition enhances our ability to address client needs and add significant value to our UK business by bringing in marquee client relationships and innovative service delivery and customer engagement models through Microsoft's Business Applications. The acquisition is part of a revised agreement with DXC, and the Company will ascribe a value for the acquisition in future to be further disclosed in the financials.

Founded in 1999, UK based eBECS Limited, a DXC Technology Company, is an award-winning Microsoft Gold Partner delivering Total Microsoft Business Solutions and Managed Services that help customers digitally transform their businesses, cut complexity and cost, improve customer service and drive growth. They offer tailored, industry-focused Microsoft Dynamics 365 solutions that embrace Operations (AX and NAV ERP), Sales, Marketing, Customer Service (CRM), Field Service, Project Service Automation, Analytics, BI and IoT - on-premise or in the Microsoft Azure intelligent cloud.

The services by eBECS cover Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Mobile, Field Service, Data Analytics, Business Intelligence (BI), the Internet of Things (IoT), and Cloud and Managed Services.

Shares of MphasiS Limited was last trading in BSE at Rs. 1974.00 as compared to the previous close of Rs. 1958.50. The total number of shares traded during the day was 25512 in over 3146 trades.

The stock hit an intraday high of Rs. 2022.35 and intraday low of 1949.35. The net turnover during the day was Rs. 50958030.00.

Source : Equity Bulls

Keywords

Mphasis INE356A01018 Agreement Acquisition eBECS