MUMBAI : Shares of IT firm Mphasis gained as much as 3.80% on Friday after it announced acquisition of Datalytx, a leading next-gen data engineering and consultancy company. Mphasis through its wholly owned subsidiary, Mphasis Consulting, acquired Datalytyx for consideration up to GBP 13.3 million (about ₹130.4 crore). Datalytyx is a leading UK-based, Snowflake and Talend partner specializing in Next-Gen Data Engineering and consultancy company. Mphasis said the acquisition is expected to provide access to provide access to strengthen company's Next-Gen Data GTM Strategy and provide higher value partnership status with Snowflake and Talend for cloud-based data services. From the beginning of the year, Mphasis gained 42% against a rise of 6% in the benchmark index, Sensex.

Source: Mint November 20, 2020 06:45 UTC