Mastek Ltd.

Mastek’s wholly owned first level step-down subsidiary -- Mastek Inc. has received approval to sign definitive agreement to acquire the 100% Membership Interest of Metasoftech Solutions (MST USA). The transaction will be completed, subject to satisfactory fulfillment and accomplishment of certain conditions precedent, completion of customary agreements, corporate and regulatory approvals under applicable laws.

Mastek’s Business Outcomes and Industry First DNA paired with MST USA’s Salesforce-led innovation capabilities will strengthen the value company will deliver to customers and help them in their journey to Decomplex Digital. This acquisition is expected to significantly increase company’s market share in existing accounts across industries in the Americas and provide a foundation to scale Digital Transformation business globally. The board of directors at its meeting held on July 18, 2022 has approved the same.

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