Mphasis Limited, an Indian multinational information technology services and consulting company, is a key player in the IT industry. Based in Bengaluru, Mphasis offers a range of services including infrastructure technology, applications outsourcing, architecture guidance, application development and integration, and application management services. With a strong presence in industries such as financial services, telecom, logistics, and technology, Mphasis has established itself as a top player in the market.
A Brief History of Mphasis
Mphasis was formed in June 2000 through the merger of Mphasis Corporation, a US-based IT consulting company founded in 1998 in Santa Monica, and BFL Software Limited, an Indian IT services company established in 199In 2006, Electronic Data Systems (EDS) acquired a controlling stake in Mphasis, operating it as an independent EDS unit.
In 2008, Hewlett-Packard (HP) acquired EDS, and Mphasis became mphasis, an hp company as part of the rebranding efforts. Mphasis continued to operate as an independent subsidiary of HP, serving as a leading provider of IT services and solutions. In 2016, Blackstone Group acquired a majority stake in Mphasis from Hewlett-Packard in a deal worth around $1 billion, marking a new phase for the company.
Services Offered by Mphasis
Mphasis specializes in providing a wide range of IT services to its clients. The company offers business process outsourcing, infrastructure technology, and application services. Its application services include application development, maintenance, and support. Mphasis caters to various industries such as financial services and insurance, healthcare, manufacturing, government, transportation, communications, and consumer and retail sectors.
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Mphasis' Global Presence
Mphasis has a widespread global presence with more than 60 sales and delivery centers in 19 countries. The company has delivery centers in India, China, Australia, North America, UK, Japan, Singapore, Indonesia, Tunisia, Mauritius, New Zealand, Taiwan, Mexico, Costa Rica, and Europe. In India, Mphasis has operations in major cities like Bangalore, Chennai, Pune, Hyderabad, Mumbai, Noida, and Mangalore.
Acquisitions and Mergers
Over the years, Mphasis has expanded its business through strategic acquisitions and mergers. Some notable acquisitions include Navion Software in China in 2002, Kshema Technologies in Bangalore in 2004, Princeton Consulting in the UK in 2005, and Digital Risk LLC in the US in 201Mphasis has also undergone mergers, such as the merger with BFL Software in March 200
Exploring the spambase dataset for spam detectionRecent Developments: Blackstone's Investment in Mphasis
In April 2021, Blackstone committed up to $8 billion to acquire a controlling stake in Mphasis. The investment will be made by private equity funds managed by Blackstone, along with co-investment from the Abu Dhabi Investment Authority (ADIA), UC Investments, and other long-term investors. This strategic investment highlights the confidence in Mphasis' growth potential and its position as a leading IT services provider.
Mphasis Hewlett Packard has emerged as a prominent player in the IT services industry, offering a wide range of services to clients across various sectors. With its strong global presence and expertise in cloud and digital solutions, Mphasis continues to drive innovation and provide top-quality IT solutions to its clients. The recent investment by Blackstone further strengthens Mphasis' position in the market and sets the stage for future growth and success.