TROY – EDS has made a $380 million offer to buy a majority stake in an Indian business-process outsourcing company in Bangalore, India-based Mphasis, which has some 12,000 employees.
EDS said last month that it was looking at acquisitions in India, China, Korea and central Europe.
Mike Jordan, CEO of EDS, said in a statement: “This offer is complementary to our overall strategy to enhance EDS’ presence and capabilities in India.”
Mphasis was embroiled in a fraud scandal last year when three of its former Indian call-center workers were arrested for allegedly looting $350,000 from the accounts of Citibank customers in the U.S.
The pending EDS deal follows the lead set by IBM in 2004 when it paid an estimated 80 million pounds ($140 million) for Indian business-process outsourcing company Daksh.
EDS, which once employed about 17,000 people in Michigan, now employs less than 8,000.
