Hewlett Packard Enterprise Completes the Sale of Its Equity Stake in Mphasis Limited

PALO ALTO, CA -- (Marketwired) -- Sep 01, 2016 -- Hewlett Packard Enterprise (NYSE: HPE) today completed the pending sale of its equity stake in Mphasis Limited, a publicly-listed IT services provider in Bangalore, to private equity funds managed by Blackstone (NYSE: BX), one of the world's leading investment firms. Blackstone purchased 100% of HPE's stake in Mphasis for INR 430 per share, or approximately $825 million.

In conjunction with the sale, HPE also entered into a five-year renewal of its existing master services agreement with Mphasis, whereby Mphasis will continue to provide strategic service delivery capabilities to HPE.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an industry leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.

 




Review Article Be the first to review this article
Harris:

Featured Video
Jobs
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Lead Geospatial Analyst for Alion at McLean, VA
Upcoming Events
BIM World, PARIS at Espace Grande Arche Paris La Défense PARIS France - Mar 29 - 30, 2017
Anthology Architecture and Design Festival 2017, March 31 - April 2, 2017, Manila, Philippines at the Puerta del Parian Manila Philippines - Mar 31 - 2, 2017
2017 Spring BIMForum at Sheraton San Diego Hotel & Marina San Diego California - Apr 3 - 5, 2017
SPAR 3D Expo & Conference at Marriott Marquis 1777 Walker St Houston TX - Apr 3 - 5, 2017
GRAPHISOFT: ARCHICAD download 30-day FREE trial
Bentley: Be Inspired Awards
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy