MPS North America LLC, a wholly owned subsidiary of MPS announced today that it has completed the acquisition of TSI Evolve, a leading US based publishing services company in the education market segment.

Rahul Arora, CMO, MPS, managing member, MPS North America said, ''The acquisition of TSI further strengthens our presence in North America and enriches our portfolio in the school publishing market and in particular the Reading discipline. Additionally, we will leverage on the Design and Composition competencies at TSI. Educational publishers will benefit from a wider range of services and the integration of subject matter expertise with digital learning.''

MPS is a leading provider of platforms and services for content development, production, and distribution.

Shares of the company gained Rs 53, or 5.81%, to trade at Rs 965. The total volume of shares traded was 3,284 at the BSE (10.04 a.m., Tuesday).