Digital Risk provides specialised risk, compliance and transaction management solutions for the mortgage industry. HP, better known for making computers and printers, is on an aggressive drive to promote services revenue.
Digital Risk has a compounded revenue growth of 70% for the last three years and is expected to earn revenue of around $127 million this year.
“Digital Risk’s analytics platform combined with 1,500 mortgage specialists makes them unique,” said Ganesh Ayyar, chief executive officer, MphasiS in a statement to BSE.
The deal is expected to be completed by January.
Shares of MphasiS closed at R400.9, up by Rs. 12.5, or 3.33%, following the announcement.