India: Mphasis acquires US-based Stelligent Systems for $25m

Bengaluru-based technology services provider Mphasis has acquired US-headquartered tech company Stelligent Systems LLC for $25 million in an all-cash deal.

Stelligent specialises in “DevOps automation” on Amazon Web Services (AWS). DevOps is a software development methodology that combines software development with IT operations to shorten the systems development life cycle, while delivering features, fixes and updates in close alignment.

According to an official statement, the new unit known as Mphasis Stelligent, will be part of the Mphasis’ Digital Business and jointly focus on enterprise customers. Mphasis Stelligent will help enhance Mphasis’ capabilities in DevOps and containerisation and give a boost to its existing managed services capabilities. It will provide access to strategic proposition in Cloud DevOps and DevSecOps within AWS ecosystem.

Under the terms of the deal, Blackstone-backed Mphasis will gain over 50 engineers and 100 Amazon Web Services certifications from Stelligent, which was an independent operating unit of HOSTING.com prior to the acquisition. HOSTING.com had acquired Stelligent in March last year for an undisclosed amount.

Founded in 2007, Stelligent has been providing leading enterprises like Washington Post and Verizon, including Fortune 500 companies, with continuous integration and delivery solutions on AWS.

“Together with Stelligent and its community heroes in the AWS ecosystem, we believe we are uniquely positioned to take advantage of this market opportunity,” said Nitin Rakesh, CEO and executive director, Mphasis.

Recently, another tech firm Cognizant agreed to acquire SaaSfocus, a Noida-based consulting firm specialising in digital transformation for an undisclosed amount. Under the terms of the deal, over 350 SaaSfocus consultants were to become part of Cognizant’s Salesforce practice.

Also Read: 

Blackstone unit sells 8% stake in India’s Mphasis for about $213m

Cognizant acquires SaaSfocus

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.