User:Nishantmishra1983/sandbox

Mastech Digital

Mastech Digital, Inc., simply referred to as Mastech Digital, is a digital transformation services and information technology (IT) company headquartered in Pittsburgh, Pennsylvania, providing services to large and medium-sized organizations in the United States. The company provides digital transformation services, such as consulting and project-based services in Data Management and Analytics, Salesforce, SAP HANA, and digital learning. It also offers a range of IT staffing services in the areas of business intelligence/data warehousing, web services, enterprise resource planning and customer resource management, e-business solutions, mobile applications development, social media management, and the analysis and implementation of cloud-based applications. Mastech Digital, Inc. provides IT services across various industry verticals, including automotive, consumer products, education, financial services, government, healthcare, manufacturing, retail, technology, telecommunications, transportation, and utilities.

History

Mastech Digital, Inc. was founded in Pittsburgh, PA in 1986, and was originally known as Mastech Holdings, Inc. The company became listed on Nasdaq in 1996. In 2000, the company’s name was changed to iGate Capital Corporation, and was split into nine separate business units. Mastech Holdings, Inc., which became one of the units, was spun off as a separately-listed company in 2008, with revenue close to USD $100 million. In May 2015, Mastech Holdings, Inc. announced its plan to acquire the US IT staffing business of Hudson Global Inc. The deal was finalized in June of the same year, and valued at USD $17 million

Rebranding

Mastech Holdings, Inc. changed its name to Mastech Digital, Inc. in September 2016. The company stated its name change was “part of its rebranding initiative to reinforce the message that it is fully committed to the world of “digital” – which includes social, mobility, analytics, and cloud; automation; and Internet of things technologies.”

Acquisition

On July 7, 2017 Mastech Digital entered into an agreement to acquire InfoTrellis, Inc., a Canada-based information management consulting and technology services company that provides project and consulting services in master data management, data integration, and big data. The deal was finalized on July 13 and valued at USD $55 million. The acquired business was renamed as Mastech InfoTrellis.

References

1.     http://www.business-standard.com/article/companies/mastech-digital-expects-faster-growth-from-digital-transformation-business-117100800410_1.html

2.     https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=45821899

3.     http://www.livemint.com/Industry/szqv2tnCXp49Koo3r37AhK/Across-the-Table--The-iGate-journey-with-Ashok-Trivedi.html

4.     http://money.cnn.com/2000/03/07/companies/mastech/

5.     http://www.business-standard.com/article/technology/igate-to-hive-off-mastech-108090901098_1.html

6.     http://www2.staffingindustry.com/site/Editorial/Daily-News/Mastech-closes-acquisition-of-Hudson-s-IT-staffing-business-in-US-34401

7.     http://www2.staffingindustry.com/site/Editorial/Daily-News/Mastech-Holdings-rebranding-to-Mastech-Digital-39302

8.     http://www2.staffingindustry.com/eng/Editorial/IT-Staffing-Report/Aug.-3-2017/Mastech-Digital-acquires-InfoTrellis-in-55-million-deal

9.     http://www2.staffingindustry.com/site/Editorial/Daily-News/Mastech-Digital-strikes-55-million-deal-to-acquire-InfoTrellis-42685

10.   http://www2.staffingindustry.com/site/Editorial/Daily-News/Mastech-Q4-revenue-in-line-with-year-ago-40980

11.   http://quotes.wsj.com/MHH/financials/annual/balance-sheet