Mid-sized IT services firm Mphasis appoints Ajay Arya as the head of mergers & acquisitions (M&A), as per reports.

Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management, and post-merger integration, according to the company.

According to data and market research platform Tracxn, Mphasis has made 9 acquisitions to date with an average acquisition value of $71.8 million. The most active acquisitions were two in 2023, and the company has averaged almost one acquisition per year for the past three years.

In October 2023, Emphasis acquired U.S.-based Sonic Partners and its subsidiaries for $132.5 million. The acquired company operates under the name Silverline, which provides cloud-based solution development services based on the hyper scaler 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,” says Nitin Rakesh, CEO and managing director, Mphasis.

Before joining Mphasis, Arya was a senior M&A advisor at Carrier, a U.S. energy solutions manufacturer. 20+ years of work experience also includes GeneDX, L3Harris Technologies, and PwC, where he worked in the aerospace, defense, biotechnology, and healthcare technology sectors.

 

He has also worked on corporate strategy and M&A assignments in the aerospace, defense, biotechnology, healthcare, and other technology sectors.

Ajay says, “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,”