The 10 Biggest Channel Mergers And Acquisitions Of 2016 (So Far)

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3. Blackstone

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.

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