Mastek Inc. Builds on Digital Transformation Services in North America

Press Release from Mastek Ltd.

DALLAS, Oct. 1, 2018 /PRNewswire/ -- Digility Inc. has been renamed to Mastek Inc. effective immediately. Created to serve the U.S. market in 2015, the name change allows the organization to build upon the global momentum of its parent company, Mastek Limited. Mastek Limited is a publicly held (NSE: MASTEK; BSE: 523704) IT services firm with global operations providing application development, maintenance and support, BI and analytics, digital commerce, testing, and agile consulting to organizations worldwide.

Mastek

"Over the past 36 years, Mastek has designed and delivered modern technology solutions with transformative business impact," states Mastek Group CEO, John Owen. "With our recent rebranding, it was an appropriate time to revisit our global presence and determine how to best meet the needs of all customers. Mastek Inc. will reinforce our unwavering commitment to deliver the highest quality services and make it easier for our customers to recognize the established values of Mastek as we enter a new market."

Mastek Limited continues to demonstrate positive gains as evidenced by an employee count of more than 2,100 and nine consecutive quarters of growth with revenue increases of 89%, and EBITDA of 250%. Mastek Limited includes Mastek Inc. and Mastek UK as well as agile and lean delivery services firm IndigoBlue, and digital commerce transformation firm TAISTech. Mastek is reinforcing its commitment to North America through Mastek Inc. by enabling digital commerce transformation for B2B and B2C customers such as Petmate, CORT and SEI.

"We define digital commerce as any touchpoint between a business and its end user. Whether retail, financial services or vendor and employee relationships, the digital mandate requires connecting information with an optimized user experience," says Mastek Inc. CEO, Bob King. "We are eager to bring the full expertise of Mastek to our customers in North America as we empower stronger connections across business."

The name change is effective immediately and will be implemented across the company's assets and services through the remainder of the 2018 calendar year.

About Mastek Inc.

Mastek Inc. envisions, creates and designs digital commerce transformation across the globe. Customers rely on our strategic, innovative, and technical expertise to deliver exceptional experiences for their end users. Wherever there is a touchpoint, we help make the connection. Learn more by visiting www.mastek.com.

Cautionary Language Concerning Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: integration risks; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; legal restrictions on raising capital or acquiring companies; additional scrutiny and increased expenses affecting our industry. These forward-looking statements should not be relied upon as predictions of future events and Mastek Inc. cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Mastek Inc. or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Mastek Inc. disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

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