Bangalore, India-based Mphasis Limited, an IT company that is majority-owned by private equity firm Blackstone, has acquired Reston VA-based automation company Stelligent Systems LLC in an all-cash deal worth $25 million. "Our engineers will greatly benefit from being part of a larger, complementary tech-centric community; as well as serve enterprises...
hCentive Inc. to Increase Workforce in India R&D Center
hCentive Inc., a health insurance exchange solutions company headquartered in Reston, Virginia plans to invest $125 million (Rs. 750 crores) at its R&D center in Noida, India over the next five years and expects to ramp up its India team by about 25% over the next twelve months. V.J. Bala, Senior Vice President...