MphasiS acquires AIG’s IT arm in India

Industry:    2016-04-03

MphasiS, a Bangalore-based software services exporter, has announced that it has reached a definitive agreement with to acquire AIG Systems Solutions (AIGSS), part of US-based American International Group Inc.

AIGSS is an India-based provider of information technology services and solutions to AIG companies worldwide. MphasiS had not disclosed the transaction details.

According to a statement from MphasiS, AIGSS has centres in Chennai and Kolkata and employs 800 people. MphasiS has added that this acquisition will help them enhance its offerings to the insurance industry.

print
Source: