Today, after its subsidiary Mphasis Consulting acquired UK-based Datalytyx for up to 13.3 million pounds (about Rs 130.4 crore), the share of IT company Mphasis gained more than 3 percent. After 3 consecutive days of decline, the stock has gained.
At Rs 1349.85, also its intra day high, the market opened with a gain of 3.8 percent.
In one year the share has gained 44.21 percent and risen 42.63 percent since the start of this year. A total of 5990 shares have changed hands in the amount of Rs 79.36 crore on BSE turnover. The firm's market cap rose to Rs 24,557 crore.
The acquisition is expected to provide access to improve the next-generation Mphasis Data GTM Strategy and provide Snowflake and Talend with higher value partnership status for cloud-based data services, a regulatory filing said.
Datalytyx, headquartered in London, United Kingdom, provides customers globally with next-gen data engineering, data operations and master data management solutions for the Snowflake and Talend ecosystems.
Datalytyx has supported modern data initiatives since its inception by offering a controlled data platform for analytics and machine learning, using best-in-class data resources.
"Every enterprise needs the ability to turn raw data into actionable information at scale, the recent worldwide crisis has only accelerated this need. Data and analytics combined with artificial intelligence, will continue to play a dominant role to predict, prepare and respond to changing needs of the business," said Nitin Rakesh, CEO and Executive Director, Mphasis.
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