Mastek Named a Top 15 Sourcing Standout by ISG

Rhea-AI Summary

Mastek has been recognized as a Top 15 Sourcing Standout by Information Services Group (ISG) in its 3Q 2022 Global ISG Index™. This recognition showcases Mastek's strong performance among providers in the Americas, particularly in the Booming 15 category based on annual contract value over the past year. The company aims to enhance its market presence through organic and inorganic growth, highlighted by its recent acquisition of MST Solutions. Mastek's efforts to secure larger clients and expand its digital engineering and cloud services are set to drive business momentum in the region.

Positive

• Named a Top 15 Sourcing Standout by ISG in the Booming 15 category.
• Recent acquisition of MST Solutions strengthens market position.
• Focused on securing larger deals across Digital & Cloud services.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Mastek, a leading Digital Engineering & Cloud Transformation company, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm.

Mastek is among the leading providers in the Booming 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 3Q 2022 Global ISG Index™.

Now in its 80th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $3 billion and $10 billion), Breakthrough 15 (revenues between $1 billion and $3 billion) and Booming 15 (revenues of less than $1 billion) categories in the Americas, EMEA and Asia Pacific regions.

“Mastek is committed to growing the Americas market through organic and inorganic avenues. With our recent acquisition of MST Solutions, a Summit level Salesforce partner we are well positioned to increase business momentum adding to our digital engineering & cloud transformation portfolio. Our recognition in ISG’s Booming 15 is a testament to our commitment to deliver for our clients in Americas,” said Hiral Chandrana, Global Chief Executive Officer, Mastek.

Mastek is now engaged in more end-to-end business change programs for larger clients and Fortune 1,000 customers in Americas. We are focused on winning large deals across our Digital & Cloud services offerings. We are investing in expanding our capabilities, diversifying our portfolio, strengthening our leadership team and broadening our partnerships in the region.

Mastek’s inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

“The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry,” said Paul Reynolds, Chief Research Officer of ISG. “Mastek continues to establish itself as a leading and growing player in the global market for cloud & digital services, based on its volume of business in relation to other industry providers.”

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. For more information, visit www.isg-one.com.

About Mastek

Mastek (NSE: MASTEK; BSE: 523704) is a Turnkey & Trusted Digital Engineering & Cloud Transformation Partner that delivers Innovative Solutions and Business Outcomes for clients in Healthcare & Life Sciences, Retail, Manufacturing, Financial Services, Government/Public Sector, etc. We enable customer success and decomplex digital by partnering with enterprises to unlock the power of data, modernize applications to the cloud, and accelerate digital advantage for all stakeholders. We are the only Oracle Cloud implementation and consultancy partner to have successfully moved 1300+ clients to cloud. Customers Trust Mastek to deliver Business Value with Velocity and we operate in 40+ countries including the UK, Americas, Europe, Middle East & APAC with ~6000 employees. MST Solutions, a Mastek company, is a Summit level Salesforce consulting partner trusted by several Fortune 1000 enterprise clients. For more details, please visit our website www.mastek.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005566/en/

Kashmira Chavan | kashmira.chavan@mastek.com

Source: Mastek

FAQ

What recognition did Mastek receive from ISG?

Mastek was named a Top 15 Sourcing Standout in the ISG's 3Q 2022 Global ISG Index™.

In which category did Mastek rank in the ISG Index?

Mastek ranked in the Booming 15 category based on annual contract value.

What strategy is Mastek employing to grow in the Americas market?

Mastek is focusing on both organic and inorganic growth strategies, including the acquisition of MST Solutions.

How has Mastek's business focus shifted recently?

Mastek is increasingly engaging in end-to-end business change programs for larger clients and Fortune 1,000 customers.

Which firm released the ISG Index?

The ISG Index was released by Information Services Group (ISG), a global technology research and advisory firm.