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Mphasis in focus after acquisition Back
(08:11, 09 Nov 2018)

Mphasis announced its acquisition of Stelligent Systems LLC, a technology services company specializing in DevOps automation on Amazon Web Services (AWS). Headquartered in Reston, VA, Stelligent provides DevOps and DevSecOps solutions on AWS. The company is a premier consulting partner on AWS Partner Network (APN) and holds both AWS DevOps and financial services expertise in deploying their customers' applications on AWS with greater speed, agility, and security. The acquisition is an all-cash deal valued at $25 million. The announcement was made on Thursday, 8 November 2018.

Majesco, a global provider of core insurance platform software and consulting services for insurance business transformation, announced that PT PFI Mega Life Insurance (PFI Mega Life), the joint venture life insurance company of Prudential Financial Inc and CT Corpora, has selected Majesco Policy for life & annuities and group along with a point of sale and activity management solution specifically used within the Asia Pacific region. The announcement was made on Thursday, 8 November 2018.

GAIL (India) announced award of contract for the purchase of 616 km of line pipe worth Rs 1,100 crore for the Barauni -Guwahati pipeline, putting on fast track project execution of the crucial 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network. The award of the contract will ensure commencement of spurline laying activities of the Barauni — Guwahati pipeline from December 2018. The under construction pipeline will connect the upcoming 'Indradhanush'gas grid network to the national gas network. The announcement was made on Thursday, 8 November 2018.

Fortis Healthcare announced that Bhavdeep Singh, chief executive officer, has resigned from his position by communication dated 8 November 2018. The board of directors of the company has considered and accepted his resignation. At the request of the board, Singh has agreed to continue in his current capacity till such time his succession planning is crystallised. The announcement was made on Thursday, 8 November 2018.

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