Summit Notebook
Exclusive outtakes from industry leaders
‘String of pearls’
”String of pearls” c
ould have different meanings.
It is how MphasiS Chief Executive Ganesh Ayyar refers to the Indian IT services provider’s strategy of going for small to mid-size acquisitions. The bigger ones can become a “noose around your neck”, Ayyar said.
The company, 61 percent owned by Hewlett-Packard, is buying the India-based IT services arm of troubled U.S. insurer American International Group. Ayyar, who spoke to us about the company’s “ambidextrous approach” to business, indicated today that any future acquisitions would be in the AIG ballpark.
DELIVERY CAPACITY
Ayyar also told us that MphasiS was close to opening its first offshore global delivery center outside India. He offered us no color, telling us to “let it remain a monochrome.” All we know for now is that this center will be in a low-cost emerging market. Your guess is as good as ours.
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ambidextrous? Going by HP’s trend in the acquisition front I reckon they’ll have 100 percent ownership of the company but the end of ’10. That’d give them a major footprint in the Indian market.
“String of Pearls” is the phrase used by the senior management of Bristol Myers to describe their acquisitions.The Indian lifted the phrase, he isn’t too imaginative?
@ V Leeas opposed to the Chinese who never copy anything or violate a single intellectual property patent, right?