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MphasiS

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MphasiS

MphasiS, an HP Company

 

Public (BSE: 526299 [1] , NSE: MPHASIS [2] )

Industry

Founded

Incorporated June 2000

Founder(s)

Jeroen Tas

Headquarters

Bagmane World Technology Center , Bangalore, India

Key people

Balu Ganesh Ayyar (CEO)

Services

Revenue

  • 55.40 billion (US$940 million) (2012) []

  • 7.66 billion (US$130 million) (2012) []

Employees

40,426 (2012) [3]

Website

MphasiS.com [4]

MphasiS is a Bangalore based IT services company owned by Hewlett-Packard. The company provides infrastructure technology and applications outsourcing services, as well as architecture, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. MphasiS is ranked #7 in India IT companies and overall #165 by Fortune India 500 in 2011 [5] with more than 40,000 employees [6] as of 2012.

History

MphasiS (then, MphasiS BFL Limited) was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1992). [7] MphasiS Corporation was founded in 1998 in Santa Monica, California by Jerry Rao [8] and Jeroen Tas. [9]

In June 2006 Electronic Data Systems (EDS) purchased a controlling stake in the company (52%) for $380 million and operated as an independent EDS unit. [10]

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. [11] The deal was completed on 26 August 2008.

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 operates as an independent HP subsidiary with its own board and continues to be listed on Indian markets as "MphasiS Limited". [12] Currently HP owns close to 62% in MphasiS and MphasiS gets around 50% of its revenues from HP. [13]

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. [14]

MphasiS

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Services

MphasiS is engaged in providing information technology services to its customers around the world. MphasiS provides integrated solutions that include business process outsourcing, infrastructure technology, and application services. The application services offered by the company includes application development as well as applications maintenance and support services. The markets served by the company are financial services & insurance, healthcare, manufacturing, government, transportation, communications, and consumer & retail industries. [15]

MphasiS Services MphasiS is engaged in providing information technology services to its customers around the world.Bagmane Tech Park , Bangalore Mphasis has come up with some of the great service based products in their expertise domain. • Billing as a Service (Insurance domain) • AccelOn - Client on boarding (Banking domain) Offices MphasiS has more than 30 offices in 19 countries with delivery centers in India, Sri Lanka, China, Australia, Japan, North America and Europe. In India it has presence with centers in Bangalore, Raipur, Chennai, Pune, Mumbai, Vadodara, Indore, Puducherry, Ahmedabad, Bhubaneswar and Mangalore. MphasiS closed down their delivery center in Sri Lanka on 31st July 2013 after 3 years of operation. Acquisitions • Navion Software, China (2002) • Kshema Technologies, Bangalore, India (2004) • Onida Infotech Services (Mirc Electronics SAP Division), Mumbai, India (2004) • Princeton Consulting in UK (2005) • Eldorado Computing in US (2005) • AIG Systems Solutions, India (2009) • Fortify Infrastructure Services in US (2010) • Wyde Corporation in US (2011) • Digital Risk, LLC in US(2012) References [1] htt p :/ / www. bseindia. com/ bse p lus/ StockReach/ AdvanceStockReach. as p x?scri p code=526299 [2] http:/ / www. nseindia. com/ marketinfo/ com p an y info/ com p an y search. j s p ?cons=MPHASIS& section=7 [3] M p hasis workforce shrinks b y 3 , 000 (http:/ / articles. timesofindia. indiatimes. com/ 2012-03-09/ job-trends/ 31139205_1_h p -infrastructure-technology-outsourcing-mphasis) [4] http:/ / www. mphasis. com/ [6] M p hasiS ex p ands p resence in North America region - opens near shore centre in Canada (http:/ / www. mphasis. com/ pdfs/ Press Release_PEI-MphasiS_INDIAN PRESS. pdf) [9] Jeroen Tas: Executive Profile and Biography - Business Week (http:/ / investing. businessweek. com/ research/ stocks/ private/ person. asp?personId=924875) [10 ] EDS acquires majority stake in MphasiS (http:/ / www. business-standard. com/ india/ news/ eds-acquires-majority-stake-in-mphasis/ 1706/ on) [11 ] HP to bu y EDS for 13.9 bln dlrs , to ex p and services (http:/ / news. smh. com. au/ world/ hp-to-buy-eds-for-139-bln-dlrs-to-expand-services-20080514-2e2f. html) " id="pdf-obj-1-12" src="pdf-obj-1-12.jpg">

Mphasis has come up with some of the great service based products in their expertise domain.

Billing as a Service (Insurance domain) [16]

AccelOn - Client on boarding (Banking domain) [17]

Offices

MphasiS has more than 30 offices in 19 countries with delivery centers in India, Sri Lanka, China, Australia, Japan, North America and Europe. [18] In India it has presence with centers in Bangalore, Raipur, Chennai, Pune, Mumbai, Vadodara, Indore, Puducherry, Ahmedabad, Bhubaneswar and Mangalore.

MphasiS closed down their delivery center in Sri Lanka on 31st July 2013 after 3 years of operation.

Acquisitions

Navion Software, China (2002) [19]

Kshema Technologies, Bangalore, India (2004) [20]

Onida Infotech Services (Mirc Electronics SAP Division), Mumbai, India (2004) [21]

Princeton Consulting in UK (2005) [22]

Eldorado Computing in US (2005) [23]

AIG Systems Solutions, India (2009) [24]

Fortify Infrastructure Services in US (2010) [25]

Wyde Corporation in US (2011) [26]

Digital Risk, LLC in US(2012) [27]

References

[6] MphasiS expands presence in North America region - opens near shore centre in Canada (http:/ / www. mphasis. com/ pdfs/ Press

Article Sources and Contributors

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Article Sources and Contributors

MphasiS Source: http://en.wikipedia.org/w/index.php?oldid=567256490 Contributors: Aaditya 7, Arthena, Barkeep, Bbtrip, CJLL Wright, Chzz, Cpl Syx, Crecy99, DRAGON BOOSTER, Defender of torch, Dilshan, Evano1van, Flint McRae, Fljsh, Flopsy Mopsy and Cottonmouth, Gaurav Pruthi, Ghajinidetails, Haymaker, Hmains, IndianGeneralist, Innocuous86, Jeroentas, JohnCD, Karan1974, Katieh5584, Kirk Hilliard, Kkm010, KuwarOnline, Kwamikagami, Lazybub, MER-C, Mark Arsten, Materialscientist, Mean as custard, Newtonsaha, Ns svk, NuclearWarfare, Ohconfucius, Petrb, Polluxian, Pseudomonas, R'n'B, Ragavindia, Ravichandar84, Rkkumundan, Rkoppineni, Ronhjones, Rtucker913, Rvish, Sasanga, Skinsmoke, Smartse, The Thing That Should Not Be, Tim Chambers, Timothy456, Tri400, UnitedStatesian, Venturedin, Vikramkumar007, Waacstats, Δ, 174 anonymous edits

Image Sources, Licenses and Contributors

Image:Indian Rupee symbol.svg Source: http://en.wikipedia.org/w/index.php?title=File:Indian_Rupee_symbol.svg License: Public Domain Contributors: Orionist Image:Mphasis-cv-raman-nagar-bangalore.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Mphasis-cv-raman-nagar-bangalore.jpg License: Creative Commons Attribution 3.0 Contributors: Innocuous86, 1 anonymous edits

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