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Electronic Data Systems Acquires Interest in Mphasis -- Take That, IBM!
PanAsianBiz ^ | June 11, 2006 | Dr. Bill Belew

Posted on 06/11/2006 9:13:45 AM PDT by G. Stolyarov II

A Texas company has decided to duke it out with IBM in India.

Electronic Data Systems is located in Plano, TX.

Mphasis is located in India's silicon valley - Bangalore.

After IBM announced its increased interest in India, EDS decided to show just how much interest they have in the country as well - to the tune of $380 million.

Compare that to the $6 billion that IBM has pledged to India, and I think IBM hardly noticed EDS' gesture.

Where do these companies get this money?

EDS bought 52% of Mphasis shares. Their goal - to add overseas jobs and challenge IBM is what EDS representative, Travis Jacobsen said.

Can EDS challenge IBM? I wonder if DCR can beat HAL?

What do you think??


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: corporations; economy; eds; globaleconomy; globalization; ibm; india; industry; investment; money; mphasis; texas
The current rush of funds into India means that India is ready for massive investments from Western multinational corporations; this is a precursor to rapid modernization and Westernization, which will quickly integrate India into the rest of the world economy—provided that neither Western nor Indian governments interfere to stifle this progress. See Dr. Belew’s blog at PanAsianBiz
1 posted on 06/11/2006 9:13:49 AM PDT by G. Stolyarov II
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To: G. Stolyarov II

France will do something to screw it up... or try to. ;-)


2 posted on 06/11/2006 9:18:49 AM PDT by coconutt2000 (NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
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To: G. Stolyarov II

MphasiS is a leading IT and BPO services company, originating in India. The company supports G2000 companies around the world in the improvement of their business processes.

MphasiS's consulting arm (including London-based Princeton Consulting, an acquisition in early 2005) leverages its practices for architecture, business analysis, business intelligence and business excellence to provide process improvement and customer relationship management solutions to clients.

The company was founded in 1998 as Mphasis Corporation, a software company based in California, which subsequently merged with BFL Software in 2000 to form Mphasis-BFL with twin headquarters in Santa Monica, California, and Bangalore, India. In addition to an on-site presence at key locations, the company has an extensive offshore infrastructure for IT development and business process outsourcing with centers in India, China, and Mexico. Over 12,000 professionals work in 23 offices in 9 countries across 4 continents.

In April 2006, Electronic Data Systems (EDS) made a conditional offer to buy a 52% controlling stake in MphasiS, for about $380 million. Principal venture capital shareholder ING Barings has reportedly accepted the offer and will tender their entire 34.7% shareholding to EDS.

Although the company's management has indicated that they would continue with Mphasis even after this acquisition of a majority holding by EDS, unconfirmed reports indicate that Chairman and CEO Jaithirth "Jerry" Rao has tendered 1,875,000 shares - about a third of his holding - to EDS under their offer, sparking speculation that he may be planning to leave the company. Other unconfirmed reports indicate that Mr Rao may instead be moving to a senior position within EDS.

[edit]
Awards
The company's unified approach to providing solutions and its focus on quality have brought it awards and accolades:

In August 2004, MphasiS was ranked No. 1 in terms of percentage growth and net minutes gained by rising stars among intermediate-sized tele-services companies. MphasiS has won this award two years in a row.
Chairman & CEO Jerry Rao and Vice Chairman Jeroen Tas have twice been awarded the Ernst and Young Entrepreneur of the Year Award.
Forrester Research has ranked MphasiS with top consulting firms Deloitte, IBM & PwC as an emerging pivotal provider of offshore offerings.
MphasiS has been listed in Forbes's global list of 100 best "Under a Billion" companies in the Asia Pacific region.


http://en.wikipedia.org/wiki/MphasiS

http://www.mphasis.com/


3 posted on 06/11/2006 9:20:11 AM PDT by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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