‘String of pearls’

November 25, 2009

  ”String of pearls” could 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.

3 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

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.

Posted by Alex | Report as abusive

“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?

Posted by V. Lee | Report as abusive

@ V Leeas opposed to the Chinese who never copy anything or violate a single intellectual property patent, right?

Posted by Vivek | Report as abusive