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Electronic Data Systems acquires interest Mphasis - Take that IBM!

by BBelew57 on June 11th, 2006

A Texas company has decided to duke it out with IBM in India.

Electronic Data Systems is located in Plano, TX. 

Mphasis is located in India’s silicon valley - Bangalore.

After IBM announced its increased interest in India, EDS decided to show just how much interest they have in the country as well - to the tune of $380 million.

Compare that to the $6 billion that IBM has pledged to India and I think IBM hardly noticed EDS’ gesture.

Where do these companies get this money?

EDS bought 52% of Mphasis shares. Their goal - to add overseas jobs and challenge IBM is what EDS representative, Travis Jacobsen said.

Can EDS challenge IBM? I wonder if DCR can beat HAL?

What do you think??

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POSTED IN: All about India, Doing business in India, india