Mphasis Ltd

📊 Mphasis Acquires TAP for Up to CAD 30M, Expands AI Decision Intelligence

• Mphasis acquired 100% of Theory and Practice Business Intelligence Inc. (TAP)

• Total upfront cost: CAD 10 million, with potential additional CAD 20 million based on milestones

• TAP's Continuum AI platform enhances decision intelligence using AI and behavioral economics

• Strengthens Mphasis' capabilities in retail, CPG, and financial services sectors

• TAP's founder, Dr. Rogayeh Tabrizi, joins Mphasis as Executive Vice President

• TAP revenues: CAD 1.71 million (FY2025), CAD 3.13 million (FY2024), CAD 3.09 million (FY2023)