MphasiS Agrees To Buy Software-Services Unit Of AIG
August 12 2009 - 12:45AM
Dow Jones News
India's MphasiS Ltd. (526299.BY) said Wednesday it has agreed to
buy AIG Systems Solutions Pvt. Ltd., the software-services unit of
insurance company American International Group Inc. (AIG).
Bangalore-based MphasiS didn't give any financial terms in a
statement to stock exchanges.
The acquisition will help MphasiS augment its capabilities in
the insurance industry, the company said in the statement.
-By Dhanya Ann Thoppil, Dow Jones Newswires; +91-9886929464;
dhanya.thoppil@dowjones.com