Company acquired: Mphasis
Head count: 24,000 employees
Annual revenue: $650 million
Purchase price: $825 million
Date of deal: April 4, 2016
Expected to close: Second half of fiscal 2016
Adding to the number of private-equity owned companies in the channel, which include Hebron, Ky.-based Pomeroy, Cleveland-based Park Place Technologies, Chicago-based Ahead, and New York-based Atlantix Global Systems among others, this April, the world's largest private equity fund, Blackstone Group, bought Hewlett Packard Enterprise's majority stake in Bangalore, India-based solution provider Mphasis.
According to Mphasis, the deal will open up opportunities for the company to do business within Blackstone's full portfolio -- which includes about 90 companies, including the channel's largest pure-play security solution provider, Optiv Security.
HPE, in a statement, said it will continue to do business with Mphasis and plans to renew a services contract with the Indian company for five years as part of the deal with Blackstone.