Mastech Digital

{{Use mdy dates|date=October 2023}}

{{Infobox company

| name = Mastech Digital

| logo = Mastech_Digital_Logo.png

| type = Public

| traded_as = {{NYSE|MHH}}
Russell Microcap Index component

| industry = Technology services

| foundation = {{start date and age|1986}}{{Cite web|url=https://www.mastechdigital.com/ |title=Mastech Digital |author=Reuters Editorial|website=IN|language=en|accessdate=2019-09-24}}

| founder = Ashok Trivedi,{{Cite web|url=https://www.bloomberg.com/profiles/people/1537244-ashok-kumar-trivedi|title=Ashok Trivedi, Mastech Digital Inc: Profile & Biography|website=Bloomberg.com|access-date=2018-04-23}}

Sunil Wadhwani{{Cite web|url=https://www.bloomberg.com/profiles/people/1537242-sunil-t-wadhwani|title=Sunil Wadhwani, Mastech Digital Inc: Profile & Biography|website=Bloomberg|language=en|access-date=2018-04-23}}

| location = Pittsburgh, U.S.

| num_locations = 11

| area_served = United States, Canada, Europe, and India

| key_people = Nirav Patel (president & CEO){{Cite web|url=https://in.reuters.com/finance/stocks/officer-profile/MHH/2699338|archive-url=https://web.archive.org/web/20180427184035/https://in.reuters.com/finance/stocks/officer-profile/MHH/2699338|url-status=dead|archive-date=2018-04-27|title=Vivek Gupta Profile {{!}} Quotes|last=Editorial|first=Reuters|website=IN|language=en|access-date=2018-04-23}}

John Cronin (CFO){{Cite web|url=https://in.reuters.com/finance/stocks/officer-profile/MHH/1246439|title=John Cronin Profile {{!}} Quotes|last=Editorial|first=Reuters|website=IN|language=en|access-date=2018-04-23}}{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}}

| services = Data Management & Analytics, and IT Staffing

| revenue = {{profit}} US $194.1 million (2020){{Cite web|url=https://www.marketwatch.com/investing/stock/mhh/financials |title=MHH Financial Statements - Mastech Digital Inc. - Market Watch |website=www.marketwatch.com|access-date=2018-04-23}}

| net_income = US $9.8 million (2020)

| num_employees = 1,564{{Cite news|url=https://www.thehindubusinessline.com/info-tech/mastech-digital-in-expansion-mode/article23495805.ece|title=Mastech Digital In Expansion Mode|last=CHENGAPPA|first=SANGEETHA|date=2017-10-08|work=The Hindu Business Line|access-date=2018-04-23}}

| homepage = {{URL|http://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|date=September 2019}}

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.{{Cite web|url=https://www.bizjournals.com/pittsburgh/stories/1996/10/21/story3.html|title=Mastech Files for Stock Sale|website=www.bizjournals.com|access-date=2018-04-23}}

In 2000, the company’s name was changed to iGate Capital Corporation, and was split into nine separate business units.{{Cite web|url=https://money.cnn.com/2000/03/07/companies/mastech/|title=Mastech to split 9 ways - Mar. 7, 2000|website=money.cnn.com|access-date=2018-04-23}} 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.{{Cite news|url=http://www.business-standard.com/article/technology/igate-to-hive-off-mastech-108090901098_1.html|title=iGate to hive off Mastech|last=Reporter|first=B. S.|date=2008-09-09|work=Business Standard India|access-date=2018-04-23}}

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.{{Cite news|url=http://www.post-gazette.com/business/news-briefs/2015/05/12/Mastech-Holdings-to-buy-Hudson-Global-s-IT-staffing-business-First-Commonwealth-Bank-buying-First-Community-Bank/stories/201505120043|title=Mastech Holdings to buy Hudson Global's IT staffing business; First Commonwealth Bank buying First Community Bank|work=Pittsburgh Post-Gazette|access-date=2018-04-23|language=en}}

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."{{Cite web|url=https://www2.staffingindustry.com/site/Editorial/Daily-News/Mastech-Holdings-rebranding-to-Mastech-Digital-39302|title=Mastech Holdings rebranding to Mastech Digital|website=www2.staffingindustry.com|language=en-US|access-date=2018-04-23}}

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.{{Cite web |title=Mastech Digital acquires InfoTrellis in $55 million deal |url=https://www.mastechdigital.com/mastech-digital-acquires-infotrellis/ |access-date=2018-04-23 |website=Mastech Digital |language=en}}{{Cite web|url=https://www.bizjournals.com/pittsburgh/news/2017/07/07/mastech-digital-buying-infotrellis-division.html|title=Mastech Digital Buying Infotrellis|website=www.bizjournals.com|access-date=2018-04-23}}{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/mastech-buys-canadian-company-infotrellis-business-for-rs-357-crore/articleshow/59501436.cms|title=Mastech buys Canadian company InfoTrellis' business for Rs 357 crore|date=2017-07-08|work=The Economic Times|access-date=2018-04-23}} 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.{{Cite news |url=https://www.bizjournals.com/pittsburgh/news/2020/07/29/mastech-introduces-new-mas-remote.html |date=Jul 29, 2020 |title=Register |url-access=subscription |website=www.bizjournals.com}}

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.{{Cite web|title=Mastech acquires customer experience consulting company, adding to data/analytic business|url=https://www2.staffingindustry.com/Editorial/Daily-News/Mastech-acquires-customer-experience-consulting-company-adding-to-data-analytic-business-55331|access-date=2020-12-10|website=www2.staffingindustry.com|language=en-US}}

Locations

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

Recognition

On November 30, 2020, Mastech Digital was recognized by TechServe's Excellence in the New Normal Honors.{{Cite web|title=Awards {{!}} TechServe Alliance|url=https://www.techservealliance.org/awards|access-date=2020-12-10|website=www.techservealliance.org}}

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.{{Cite web|title=Pittsburgh Smart 50 Awards|url=https://www.sbnonline.com/events/smart50pit/|access-date=2020-12-10|website=Smart Business Magazine|language=en-US}}

References