MphasiS Ltd, an Indian IT services and back-office support provider and a unit of Hewlett-Packard Co, has agreed to buy US-based Digital Risk LLC, a mortgage management specialist, for USD175 million. The purchase furthers MphasiS' strategy of focusing on financial services clients, a shift the company started in 2010, CEO Ganesh Ayyar said in a statement. Bangalore-headquartered MphasiS expects the all-cash deal to conclude by January 31.
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