Indian information technology Services Company, Mphasis is all set to buy out US-based software vendor Wyde Corporation. Wyde Corporation is creator of Wynsure, an insurance policy administration solution.
This is the second time that Mphasis has acquired a company in the insurance industry vertical. The first company was AIG Software Systems. Mphasis is a subsidiary of Hewlett-Packard and is based in Bangalore.
The company will have 100% equity stake in Wyde. Wyde is headquartered in Minneapolis in US of A, and has a major Research & Development centre in Paris.
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