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Mphasis CEO: Full Steam Ahead With Upcoming Ownership Change

With Hewlett Packard Enterprise about to unload its controlling stake in the India-based solution provider, the CEO of Mphasis says the new majority owner, private equity fund Blackstone Group, will help it accelerate growth.

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Eyes On Growth

As he awaits a change in the controlling ownership of his company, the leader of Bangalore, India-based solution provider Mphasis is looking to grow, especially in the United States, which accounts for about three-fourths of revenue, according to CEO Ganesh Ayyar.

Last month, Hewlett Packard Enterprise agreed to sell its roughly 60 percent stake in Mphasis to private equity giant Blackstone Group for about $825 million. Blackstone, the world's largest private equity fund, brings with it a portfolio of about 90 companies that Ayyar says can also become customers.

Mphasis, which employed about 23,500 as of the end of 2015 and has alliances with close to 40 vendors, will continue to have HPE as a customer. As part of the sale, HPE plans to renew a services contract with Mphasis for five years.

The deal will also help accelerate Mphasis' push toward helping clients use digital technology for better customer experience management, another Mphasis official said.

In a recent interview with CRN, Ayyar addressed Mphasis' plans after the deal closes, which he expects will happen within three months. Here's an edited version of the interview.

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