Electronic Data Systems will make a conditional offer to obtain a controlling stake in Indian outsourcing and software firm Mphasis BFL for roughly $380 million, The Wall Street Journal reports.Plano, Texas-based EDS plans to offer the company 204.5 rupees (roughly $4.58) for each of its shares, according to The Journal.As a condition of the deal, EDS would acquire 83 million shares, or approximately 52 percent of Bangalore-based Mphasis’ outstanding shares, The Journal reports.“This offer is complementary to our overall strategy to enhance EDS’ presence and capabilities in India,” said EDS Chairman and Chief Executive Mike Jordan, according to The Journal. Mphasis currently employs more than 12,000 people, 11,000 of whom are based in India.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by SAP Generative AI’s ‘show me the money’ moment We’re past the hype and slick gen AI sales pitches. Business leaders want results. By Julia White Nov 30, 2023 5 mins Artificial Intelligence brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management Change Management IT Operations Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe