Mphasis completes acquisition of AIG Systems Solutions

Mphasis completes acquisition of AIG Systems SolutionsMphasis has informed that it has finalized the purchasing of AIG Systems Solutions (AIGSS), part of American International Group.

The sources informed that the company has brought to an end all the legal as well as the statutory necessities for the purchase of 100% shares of AIG Systems.

AIGSS is India's leading provider of information technology services and solutions to AIG companies around the world.

The sources further informed that the acquisition of AIGSS will assist Mphasis increase its capabilities for the insurance industry as well as provide domain solutions.

Mphasis engages in offering IT and BPO services and solutions to industries across various business verticals like banking, insurance, brokerage, retail & logistics, airlines, technology and utilities.