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Mphasis - Blink Acquisition To Expand User Experience Capabilities: Motilal Oswal

Mphasis - Blink Acquisition To Expand User Experience Capabilities: Motilal Oswal

<div class="paragraphs"><p>A binary code design decorates the wall of the Fraunhofer IIS pavilion at the CeBIT 2017 tech fair in Hannover, Germany. (Photographer Krisztian Bocsi/Bloomberg)</p></div>
A binary code design decorates the wall of the Fraunhofer IIS pavilion at the CeBIT 2017 tech fair in Hannover, Germany. (Photographer Krisztian Bocsi/Bloomberg)

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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.

Click on the attachment to read the full report:

Motilal Oswal Mphasis Company Update.pdf

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