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Prabhudas Lilladher Report
Mphasis Ltd. acquired 100% stake in Blink Interactive (a U.S. based company found in 2000) providing research, strategy and design of user experience in hardware and software products.
Blink has designed marquee products such as Amazon Alexa, Microsoft X-box etc.
Though Blink's revenue is currently only 2.7% of the company's revenue, this acquisition offers significant growth opportunities such as:
combination of Blink's upstream and Mphasis downstream expertise will enable the combined entity to participate in end-to-end process of design to implementation, thus increasing addressable market size,
Blink brings blue-chip logos from hi-tech and consumer industries and
cross-selling opportunities to existing banking, capital market and insurance clients.
Blink reinforces Mpahsis four-pillar strategy to drive sustainable, scalable growth.
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