Rochester,NY 8/13/2009 12:35:40 AM
Hewlett-Packard Company, HPQ - AIG's software operation in India has been acquired by HP subsidiary
Hewlett-Packard Company
Hewlett-Packard's subsidiary MphasiS, Indian services, announced that a definitive agreement is made to acquire AIG Systems Solutions Pvt. Ltd., the IT services arm in India of insurer American International Group (AIG).
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The move by MphasiS will strengthen its presence and expertise in the insurance and financial services markets, said Ganesh Ayyar, CEO of MphasiS, in a telephone interview on Wednesday.
With operations in Chennai and Kolkata in India, AIGSS has more than 800 employees, and offers services to AIG companies worldwide.
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