Mphasis - Blink Acquisition To Expand User Experience Capabilities: Motilal Oswal
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Motilal Oswal Report
Mphasis Ltd. has acquired Blink Interactive, a Seattle-based user experience research and design firm.
Blink operates in the high growth customer experience/user experience segment and works with marquee clients in the U.S.
The purchase consideration stands at $94 million, along with talent retention cost over the next two years.
Acquisition is margin dilutive by 100 basis points due to higher amortisation and retention cost.
Around 2.8 times CY21 revenue, valuations are reasonable, given Mphasis' robust growth and strong synergies.
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