Mphasis expands UK footprint with accelerated focus on customer-led digital transformation initiatives

- Expects to create 1,000 UK jobs and provide best in class upskilling and training in digital transformation focused on banking and insurance industries

LONDON, May 4, 2021 /PRNewswire/ -- Mphasis, (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, is expanding its footprint in the UK with a special focus on Customer led Digital Transformation initiatives in banking and insurance, by establishing a nearshore center, outside of London. Mphasis expects to:

1. Create close to 1,000 UK jobs to begin with; capability to scale and cater to customers even beyond the UK, thus potentially creating a much larger opportunity in the job market
2. Invest over GBP 25 million upfront towards establishing a UK center
3. Provide best in class upskill and training in both digital transformation as well as domain expertise in the UK banking and insurance segments

UK Prime Minister Boris Johnson said, "Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I'm very pleased that Mphasis has decided to join the legions of Indian companies investing in the UK, boosting our tech sector, and driving economic growth."

"Having successfully executed at least half a dozen similar transformational partnerships in the banking and insurance industry, we are confident of building for the future and ensuring a client-first approach. I am excited to elevate our presence in the UK to support future growth, improve operating agility, flexibility and harness local capabilities towards bolstering our offerings over the long term," said Nitin Rakesh, CEO and Executive Director, Mphasis.

Focused on the insurance market, this centre aims to deliver the best technology and insurance operations services to clients through innovation in operational, technological, and service excellence. Mphasis brings its existing digital and domain expertise, as well as global capabilities to constitute a proposition and capability that can be harnessed and tailored to meet individual UK client needs.

About Mphasis

Mphasis (BSE: 526299) (NSE: MPHASIS), applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in Mphasis' Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C² _TM=1) digital experiences to clients and their end customers. Mphasis' Service Transformation approach helps 'shrink the core' through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis' core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients. Click here to know more.

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