i-flex acquires Mantas

Financial crime

Mumbai, India - IT solutions provider i-flex Solutions, has acquired Mantas, a leading Virginia-based provider of advanced solutions for behaviour detection and regulatory compliance.

i-flex, based in Mumbai, India, is to pay $122.6 million for Mantas in an all-cash deal expected to close by the end of October. The transaction is subject to regulatory approval in India and the US.

The acquisition leads i-flex into the behaviour detection-orientated regulatory compliance areas for the first time.


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