Mastek Ltd.

Mastek’s wholly-owned subsidiary -- Mastek (UK) has signed a definitive agreement to acquire the Middle East business of Evolutionary Systems Arabia FZ LLC (Evosys) through its group company for $65 million. This transaction allows Mastek to access new geography and mine the strong customer base of Evosys in the Middle East. The successful partnering model that Evosys operates in can scale the combined businesses faster as the market for cloud services continues to expand in the geography.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.