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Mphasis makes $25 million acquisition in tech services company to boost its cloud-based offerings

Mphasis Limited (NSE:MPHASIS) President Dinesh Venugopal tells Proactive Investors the India listed IT services company has made a $25 million acquisition of Stelligent Systems LLC, a technology services company specializing in DevOps automation.

Venugopal says the acquisition will allow Mphasis to offer "world-class services to our large enterprise customers." Vengupol says it allows Mphasis's customers to move to the cloud "faster."

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