Mphasis

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Overview:

Mphasis enables customers to reimagine their digital future by applying a unique formula of integrated cloud and cognitive technology. Mphasis X2C2 TM formula for success, (shift anything to cloud and power everything with cognitive), drives five dimensions of business value with an integrated consumer-centric Front to Back Digital 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’ core reference architectures and tools, combined with domain expertise and hyper specialization are the foundation for building strong relationships with marquee customers.

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History

History:

Mphasis was formed in June 2000 after the merger of the US-based IT consulting company Mphasis Corporation (founded in 1998 in Santa Monica by Jerry Rao and Jeroen Tas.) and the Indian IT services company BFL Software Limited (founded in 1992).

In June 2006 Electronic Data Systems (EDS) purchased a controlling stake in the company (42%) for $80 million and operated the company as an independent EDS unit. On 13 May 2008, Hewlett-Packard confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion.

In September 2009 Mphasis changed its brand identity by dropping EDS association to become "Mphasis, an HP Company" after HP retired EDS Brand to become "HP Enterprise Services". Mphasis operated as an independent HP subsidiary with its own board and continued to be listed on Indian markets as "Mphasis Limited". HP owned close to 62% in Mphasis and Mphasis got around 50% of its revenues from HP.

Mphasis marked $1 billion in revenues and registered a consolidated revenue of Rs50.37 billion ($1,099.3 million) for the year ended 31 October 2010 becoming the sixth Indian IT company to do that.

In April 2016, it was announced that Blackstone had acquired 84 percent of Hewlett-Packard's stake in Mphasis in a deal worth between $825 million and $1.1 billion.

Project Approach

Project Approach:

Mphasis enables enterprises directly address the pressing need to become fast, innovative and personalized in their response to digital disruption. Using its industry-specific X2C2TM framework, Mphasis adopts a value chain/customer-in view to transform enterprises by harnessing the power of cognitive technologies and rich data resident in enterprises. It is a way to introduce disruptive technology to smartly transform legacy environments.

Mphasis does this through Front to Back™ (F2B) transformations with business-driven KPIs, teaming with its clients to jointly drive measurable top and bottom-line results. In doing so, it leverages the state of the art reference frameworks and capabilities of agile transformation for quick results that compound over time. In addition to the benefits of rapid payback, Mphasis’ expertise in analog to digital helps address the required power sharing between business and IT, as well as designing F2B to minimally disrupt existing systems and infrastructure.