MphasiS (BSE: 526299) has purchased Digital Risk LLC, a company that provides risk, compliance and transaction management services to the U.S. mortgage industry, for $175 million.

The buyer, Hewlett Packard unit, provides application, infrastructure and business process outsourcing services.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.