PITTSBURGH, July 13, 2017 /PRNewswire/ --
Mastech Digital, Inc. (NYSE: MHH) today announced that it
has completed the acquisition of Canada-based InfoTrellis, Inc. Mastech Digital
had entered into an agreement to acquire InfoTrellis on
July 7, 2017.
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The completion of the acquisition marks the launch of a combined
go-to-market brand, Mastech InfoTrellis, that offers project-based
consulting services to customers in the areas of Master Data
Management, Data Integration, and Big Data.
Commenting on the transaction closure,
Vivek Gupta, President and CEO of
Mastech Digital, said, "I am pleased that we
were able to fulfill all closing requirements leading
to the successful completion of the transaction in a short
period of time. Our new brand,
Mastech InfoTrellis, represents the best of
both companies, with proven strengths
in data management and analytics. Customer
feedback on the combination thus
far has been very
positive."
"Also, I am delighted
to welcome to the Mastech Digital
management team, Moo Abbas as the Head of
Business, Sachin Wadhwa as the Head
of Operations, and Ponna Krishnan,
as the Head of India Delivery of Mastech
InfoTrellis. With such a committed
leadership team in place, I am confident about
the prospects and opportunities that this combination
affords us", he added.
Following this acquisition, Mastech Digital becomes a
significant provider of consulting services around data management
and analytics, backed by strong consulting and delivery expertise
and a global talent capital of over 1,500. The company seeks to
provide increased value to customers of the combined entity by
cross-selling and up-selling a wider variety of digital
transformation services.
About Mastech Digital
Mastech Digital (NYSE MKT: MHH) is a leading provider of digital
transformation services in the areas of Data Management and
Analytics, Saleforce.com, SAP HANA and Digital Learning Services.
Mastech Digital has been a pioneer in digital and mainstream
technology staffing. A minority-owned enterprise, Mastech Digital
is headquartered in Pittsburgh, PA
with offices across the U.S. and India. For more information, visit
http://www.mastechdigital.com.
Forward-Looking Statements
Certain statements contained in this release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Words such as "expects," "anticipates," "plans," "believes,"
"estimates", "plans" and "projects" and variations of these words
and similar expressions are intended to identify forward-looking
statements, which include but are not limited to the expected
benefits to Mastech Digital from completing such transactions and
the expected performance of Mastech Digital following completion of
the acquisition. These statements are based on information
currently available to Mastech Digital and it assumes no obligation
to update the forward-looking statements as circumstances change.
These statements are not guarantees of future performance and
involve certain risks and uncertainties, which are difficult to
predict and many of which are outside of the control of Mastech
Digital. Therefore, actual future results and trends may differ
materially from what is forecast in forward-looking statements due
to a variety of factors, including, without limitation (1)
the ability to successfully integrate the operations and employees
of InfoTrellis into Mastech; (2) the ability to recognize the
anticipated benefits of the acquisition of InfoTrellis which may be
affected by, among other things, competition, the ability of
Mastech Digital to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain key
employees; (3) the possibility that Mastech Digital or InfoTrellis
or their respective subsidiaries and affiliates may be adversely
affected by other economic, business, and/or competitive factors;
and (4) other risks and uncertainties that are described in more
detail in Mastech Digital's filings with the Securities and
Exchange Commission, including its Form 10-K for the year ended
December 31, 2016.
Contact: Donna Kijowski |
Manager, Investor Relations | +1-888-330-5497
Donna.Kijowski@mastechdigital.com
SOURCE Mastech Digital, Inc.