Mastech Digital

Mastech Digital, Inc., simply referred to as Mastech Digital, is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, ASEAN, and Japan.

Mastech Digital
Public
Traded asNYSE: MHH
Russell Microcap Index component
IndustryTechnology Services
Founded1986[1]
FounderAshok Trivedi[2] Sunil Wadhwani[3]
HeadquartersPittsburgh, 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
Revenue US $177.2 million (2018)[6]
US $6.69 million (2018)[6]
Number of employees
1,564[7]
Websitewww.mastechdigital.com

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.

Key Services

Mastech Digital, Inc. provides digital transformation services, such as consulting and project-based services in Data Management and Analytics, and digital learning.

The company provides IT services across several unique industry verticals. This includes the automotive, education, consumer products, government, financial services, retail, healthcare, manufacturing, telecommunications, transportation, technology, and utilities industry.

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.

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References
  1. Editorial, Reuters. "Mastech Digital". IN. Retrieved 2019-09-24.
  2. "Ashok Trivedi, Mastech Digital Inc: Profile & Biography". Bloomberg.com. Retrieved 2018-04-23.
  3. "Sunil Wadhwani, Mastech Digital Inc: Profile & Biography". Bloomberg. Retrieved 2018-04-23.
  4. Editorial, Reuters. "Vivek Gupta Profile | Quotes | Reuters.co.in". IN. Retrieved 2018-04-23.
  5. Editorial, Reuters. "John Cronin Profile | Quotes | Reuters.co.in". IN. Retrieved 2018-04-23.
  6. "MHH Financial Statements - Mastech Digital Inc. - Market Watch". www.marketwatch.com. Retrieved 2018-04-23.
  7. CHENGAPPA, SANGEETHA (2017-10-08). "Mastech Digital In Expansion Mode". The Hindu Business Line. Retrieved 2018-04-23.
  8. "Mastech Files for Stock Sale". www.bizjournals.com. Retrieved 2018-04-23.
  9. "Mastech to split 9 ways - Mar. 7, 2000". money.cnn.com. Retrieved 2018-04-23.
  10. Reporter, B. S. (2008-09-09). "iGate to hive off Mastech". Business Standard India. Retrieved 2018-04-23.
  11. "Mastech Holdings to buy Hudson Global's IT staffing business; First Commonwealth Bank buying First Community Bank". Pittsburgh Post-Gazette. Retrieved 2018-04-23.
  12. "Mastech Holdings rebranding to Mastech Digital". www2.staffingindustry.com. Retrieved 2018-04-23.
  13. "Mastech Digital acquires InfoTrellis in $55 million deal". www2.staffingindustry.com. Retrieved 2018-04-23.
  14. "Mastech Digital Buying Infotrellis". www.bizjournals.com. Retrieved 2018-04-23.
  15. "Mastech buys Canadian company InfoTrellis' business for Rs 357 crore". The Economic Times. 2017-07-08. Retrieved 2018-04-23.
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