MphasiS acquires AIG's IT arm in India

MphasiS acquires AIG's IT arm in IndiaMphasiS, leading Bangalore-based IT and BPO services provider, has decided to purchase AIG Systems Solutions (AIGSS).

AIG Systems Solutions (AIGSS) is India's IT services and solutions subsidiary of American International Group (AIG).

MphasiS did not reveal the financial details of the deal.

In a communiqué, MphasiS stated that this acquisition will help them increase their offerings to the insurance industry and offer domain solutions.

According to MphasiS, AIGSS is having centres located in Chennai and Kolkata and employs 800 professionals.