MphasiS
Encyclopedia
MphasiS a unit of Hewlett-Packard Co., is an information technology services company based in Bangalore
, India
. MphasiS is certified with ISO 9001:2008, ISO/IEC 27001:2005 and is assessed at CMMI v 1.2 Level 5.It is the sixth largest IT company in India with more than 38,000 employees as of 2010. The company has 29 offices in 14 countries with delivery centers in India, Sri Lanka, China, North America and Europe.
, California
by Jerry Rao
and Jeroen Tas.
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.
On May 13, 2008, Hewlett-Packard
confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion. The deal was completed on August 26, 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". Currently HP owns close to 62% in MphasiS.
MphasiS marked $1 billion in revenues and registered a consolidated revenue of Rs 5,037 crore ($1,099.3 million) for the year ended October 31, 2010 becoming the sixth indian IT company to do that.
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. MphasiS is certified with ISO 9001:2008, ISO/IEC 27001:2005 and is assessed at CMMI v 1.2 Level 5.It is the sixth largest IT company in India with more than 38,000 employees as of 2010. The company has 29 offices in 14 countries with delivery centers in India, Sri Lanka, China, North America and Europe.
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). MphasiS Corporation was founded in 1998 in Santa MonicaSanta Mônica
Santa Mônica is a town and municipality in the state of Paraná in the Southern Region of Brazil.-References:...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
by Jerry Rao
Jerry Rao
Jaithirth Rao also known as Jerry Rao, is an Indian businessman and former CEO of the software company MphasiS.Rao was born in Bangalore and is an alumnus of Loyola College in Chennai, Indian Institute of Management in Ahmedabad and the University of Chicago. Rao held several positions in Citibank...
and Jeroen Tas.
In June 2006 Electronic Data Systems
Electronic Data Systems
HP Enterprise Services is the global business and technology services division of Hewlett Packard's HP Enterprise Business strategic business unit. It was formed by the combination of HP's legacy services consulting and outsourcing business and the integration of acquired Electronic Data Systems,...
(EDS) purchased a controlling stake in the company (52%) for $380 million and operated as an independent EDS unit.
On May 13, 2008, Hewlett-Packard
Hewlett-Packard
Hewlett-Packard Company or HP is an American multinational information technology corporation headquartered in Palo Alto, California, USA that provides products, technologies, softwares, solutions and services to consumers, small- and medium-sized businesses and large enterprises, including...
confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 billion. The deal was completed on August 26, 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". Currently HP owns close to 62% in MphasiS.
MphasiS marked $1 billion in revenues and registered a consolidated revenue of Rs 5,037 crore ($1,099.3 million) for the year ended October 31, 2010 becoming the sixth indian IT company to do that.
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.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)
See also
- Electronic Data SystemsElectronic Data SystemsHP Enterprise Services is the global business and technology services division of Hewlett Packard's HP Enterprise Business strategic business unit. It was formed by the combination of HP's legacy services consulting and outsourcing business and the integration of acquired Electronic Data Systems,...
- Hewlett-PackardHewlett-PackardHewlett-Packard Company or HP is an American multinational information technology corporation headquartered in Palo Alto, California, USA that provides products, technologies, softwares, solutions and services to consumers, small- and medium-sized businesses and large enterprises, including...
- HP Enterprise Services
- Jerry RaoJerry RaoJaithirth Rao also known as Jerry Rao, is an Indian businessman and former CEO of the software company MphasiS.Rao was born in Bangalore and is an alumnus of Loyola College in Chennai, Indian Institute of Management in Ahmedabad and the University of Chicago. Rao held several positions in Citibank...