Incorporated in 1992, Mphasis (BSE: 526299; NSE: MPHASIS) serves marquee customers across the globe including six top global banks, eleven out of fifteen top mortgage lenders, and three top global insurance companies and has about 22,000 employees across sixteen countries.
Blackstone Private Equity (NYSE:BX), the world's largest private equity firm acquired Hewlett Packard Enterprise's (NYSE: HPE) stake (60.5%) in Mphasis. This deal represents the largest technology investment as well as largest acquisition by Blackstone in India.
Mphasis' core reference architectures & tools, combined with strong domain expertise in Banking, Financial Services & Insurance verticals and deep relationship with marquee global customers has enabled delivery of growth above industry average in Direct International segment. Mphasis' experienced management team, board of directors and long-term commitment from company’s largest customer, HPE aid positive economic impact and long-term value for investors.
Mphasis X2C2TM formula for success, (shift anything to cloud and power everything with cognitive), drives five dimensions of business value with an integrated consumer-centric Front2BackTM (F2B) Transformation, enabling Business Operations and Technology Transformation. Mphasis applies advancements in cognitive and cloud to traditional application and infrastructure services to bring much needed efficiency and cost effectiveness.
Mphasis recently won the Alconics Award under the category of 'Best Application of Artificial Intelligence (AI) for Financial Services'; based on Mphasis DeepInsightsTM, a Cognitive Intelligence platform, which enables enterprises to have faster and more effective access to insights from data. DeepInsightsTM has been developed by NEXTlabs, the research and innovation hub of Mphasis where we are working on cutting edge innovations and industry relevant solutions.
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