Mphasis Ltd.

Mphasis, through one of its wholly owned subsidiary, has completed the acquisition of Digital Risk LLC, a corporate headquartered in Florida, USA on February 11, 2013. Accordingly, Digital Risk LLC and its subsidiaries are the wholly owned subsidiaries of the company.

Last year in December, Mphasis had entered into a definitive agreement to acquire Orlando, Florida, USA based Digital Risk LLC. The acquisition was in all cash deal valued at $175 million with an additional earn-out component.

Digital Risk is one of the largest independent providers of Risk, Compliance and Transaction Management solutions to the United States mortgage market.