“Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management and post-merger integration,” the company said.
Mphasis has completed nine acquisitions with an average acquisition amount of $71.8 million, accoridng to data and market research platform Tracxn. Its most active year was 2023, with two acquisitions, and it has averaged nearly one acquisition per year over the past three years.
In October 2023, Mphasis acquired US-headquartered Sonnick Partners along with its subsidiaries for a deal price of $132.5 million. The acquired company conducts its business operations by the name Silverline that offers cloud-based solution development services based on hyperscaler Salesforce.
“This appointment reinforces Mphasis’ commitment to investing in top level talent and further accelerating the strong momentum in our inorganic business. Ajay’s strategic thinking combined with his extensive transaction execution experience and proven leadership qualities, will be important assets in carrying out our strategic roadmap; making him a tremendous addition to the existing M&A team,” said Nitin Rakesh, CEO and managing director, Mphasis.
Before joining Mphasis, Arya worked as a senior M&A advisor at American manufacturer of energy solutions Carrier. With over 20 years of working experience, Arya has also worked with GeneDX, L3Harris Technologies and PwC in the corporate strategy and M&A space across technology sectors, including aerospace, defense, biotechnology, and healthcare.
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“I am looking forward to the challenge of driving M&A forward in this momentous time of technological revolution. Bringing Mphasis’ strength in technology with my experience in mergers and acquisitions, and financial engineering will help capture more value and in succeeding to deliver to our clients and to our financial objectives,” Arya said on his appointment.Arya holds a Bachelor of Arts (BA) in accounting and finance from The College of New Jersey.
