Mastech Digital

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Mastech Digital
Company type Public
NYSE:  MHH
Russell Microcap Index component
Industry Technology services
Founded1986;38 years ago (1986) [1]
Founder Ashok Trivedi, [2] Sunil Wadhwani [3]
Headquarters Pittsburgh, U.S.
Number of locations
11
Area served
United States, Canada, & India
Key people
 Vivek Gupta (president & CEO) [4]
John Cronin (CFO) [5]
ServicesData Management & Analytics, Salesforce, Digital Learning, and IT Staffing
RevenueIncrease2.svg US $194.1 million (2020) [6]
US $9.8 million (2020) [6]
Number of employees
1,564 [7]
Website mastechdigital.com

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.[ citation needed ]

Contents

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. [8]

In 2000, the company’s name was changed to iGate Capital Corporation, and was split into nine separate business units. [9] 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. [10]

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. [11]

Mastech Holdings, Inc. changed its name to Mastech Digital, Inc. in September 2016. The company stated its name change was “part of its re-branding 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." [12]

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. [13] [14] [15] The acquired entity was renamed as Mastech InfoTrellis, as a business unit under Mastech Digital.

On June 2, 2020, Mastech Digital launched its Remote Staffing service offering, called MAS-REMOTE. Through this service, Mastech Digital helps its customers hire top 10% US based IT remote consultants, backed by a comprehensive screening and on-boarding process. [16]

On October 1, 2020, Mastech Digital entered into an agreement to acquire AmberLeaf Partners, Inc., a Chicago-based customer experience consulting company. The acquired entity is affiliated with Mastech InfoTrellis valued at USD $14 million. The combined businesses will provide customers with an expanded suite of service offerings, delivery capabilities, and human capital across North America, EMEA, India and ASEAN countries. [17]

Locations

Mastech Digital has offices in Pittsburgh, PA, Atlanta, GA, Boston, MA, Tampa, FL, Lake Mary, FL, Dallas, TX, Austin, TX, Fremont, CA, Chicago, IL, Toronto, Canada, Noida, India, and Chennai, India.

Recognition

On November 30, 2020, Mastech Digital was recognized by TechServe's Excellence in the New Normal Honors. [18]

On December 8, 2020, Vivek Gupta, President & CEO of Mastech Digital, was recognized in 2020 Pittsburgh Smart 50. Vivek Gupta was recognized for the third consecutive year in a row for smart leadership and business transformation. [19]

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Sunil Wadhwani is an entrepreneur, investor, and philanthropist. He is best known as the co-founder and CEO Mastech, Inc. and IGATE. Born in Delhi, India, Sunil graduated from the Indian Institute of Technology, Madras, before moving to the United States of America to earn a degree from Carnegie Mellon University.

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References

  1. ↑ Reuters Editorial. "Mastech Digital". IN. Retrieved September 24, 2019.{{cite web}}: |author= has generic name (help)
  2. ↑ "Ashok Trivedi, Mastech Digital Inc: Profile & Biography". Bloomberg.com. Retrieved April 23, 2018.
  3. ↑ "Sunil Wadhwani, Mastech Digital Inc: Profile & Biography". Bloomberg. Retrieved April 23, 2018.
  4. ↑ Editorial, Reuters. "Vivek Gupta Profile | Quotes". IN. Archived from the original on April 27, 2018. Retrieved April 23, 2018.{{cite web}}: |first= has generic name (help)
  5. ↑ Editorial, Reuters. "John Cronin Profile | Quotes". IN. Retrieved April 23, 2018.{{cite web}}: |first= has generic name (help)[ dead link ]
  6. 1 2 "MHH Financial Statements - Mastech Digital Inc. - Market Watch". www.marketwatch.com. Retrieved April 23, 2018.
  7. ↑ CHENGAPPA, SANGEETHA (October 8, 2017). "Mastech Digital In Expansion Mode". The Hindu Business Line. Retrieved April 23, 2018.
  8. ↑ "Mastech Files for Stock Sale". www.bizjournals.com. Retrieved April 23, 2018.
  9. ↑ "Mastech to split 9 ways - Mar. 7, 2000". money.cnn.com. Retrieved April 23, 2018.
  10. ↑ Reporter, B. S. (September 9, 2008). "iGate to hive off Mastech". Business Standard India. Retrieved April 23, 2018.
  11. ↑ "Mastech Holdings to buy Hudson Global's IT staffing business; First Commonwealth Bank buying First Community Bank". Pittsburgh Post-Gazette. Retrieved April 23, 2018.
  12. ↑ "Mastech Holdings rebranding to Mastech Digital". www2.staffingindustry.com. Retrieved April 23, 2018.
  13. ↑ "Mastech Digital acquires InfoTrellis in $55 million deal". www2.staffingindustry.com. Retrieved April 23, 2018.
  14. ↑ "Mastech Digital Buying Infotrellis". www.bizjournals.com. Retrieved April 23, 2018.
  15. ↑ "Mastech buys Canadian company InfoTrellis' business for Rs 357 crore". The Economic Times. July 8, 2017. Retrieved April 23, 2018.
  16. ↑ "Register" . www.bizjournals.com. July 29, 2020.
  17. ↑ "Mastech acquires customer experience consulting company, adding to data/analytic business". www2.staffingindustry.com. Retrieved December 10, 2020.
  18. ↑ "Awards | TechServe Alliance". www.techservealliance.org. Retrieved December 10, 2020.
  19. ↑ "Pittsburgh Smart 50 Awards". Smart Business Magazine. Retrieved December 10, 2020.
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