Indian Company Acquires Digital Risk

Posted by Orb Staff on December 04, 2012 No Comments
Categories : Residential Mortgage

12851_dollar_circle_bw Indian Company Acquires Digital Risk Digital Risk, the New York-based provider of mortgage risk, compliance and transaction management solutions, has entered into a definitive agreement to be acquired by global services provider MphasiS, a Hewlett Packard company headquartered in Bangalore, India, for $175 million.

‘The need for risk management in the mortgage market is not only a U.S. issue, but also a global necessity,’ says Peter Kassabov, Digital Risk's chairman and CEO. ‘We are thrilled to combine our talent and expertise with MphasiS to set a global standard for making mortgages safe.’

The transaction is expected to close late in January 2013, subject to the satisfaction of regulatory requirements and customary closing conditions.

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