Mphasis Ltd.

MphasiS has acquired US-based Digital Risk LLC, one of the largest independent providers of solutions related to risk, compliance and transaction management to the US mortgage market. Following the acquisition, Digital Risk LLC and its subsidiaries are now the wholly owned subsidiaries of the MphasiS.

Digital Risk will operate as a standalone business unit within MphasiS, retaining its brand identity. 

Earlier in December, MphasiS had announced its plan to buy Digital Risk in an all cash deal for $175 million with an additional earn-out component.