Mphasis is doing well today, opening in the positive at Rs.3205 and going on to hit a new high at Rs.3301, rising 3%.
The stock hit the roof after the company announced that Mphasis Corporation, USA, its wholly owned subsidiary today acquired Blink Interactive, Inc, a Washington Corporation, consequent to signing a definitive agreement regarding the acquisition.
A total consideration of up to $ 94 million, including earnouts was paid for the acquisition.
Founded in 2000, US based (Seattle) Blink Interactive, Inc, is a design consultancy that provides services around UX, User research-based software product design and strategy, and experience design. It specializes in evidence driven design process to services and product development for marquee brand.