MphasiS Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition'.
MPHASIS · price
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MphasiS Ireland Limited, a wholly owned subsidiary of MphasiS Limited, has acquired 100% of Theory and Practice Business Intelligence Inc. (TAP), a Canadian technology company. TAP developed Continuum AI, a Decision Intelligence platform combining AI with behavioral economics to improve business decision-making. The deal involves an upfront cash payment of CAD 10 million with additional milestone-based contingent consideration of up to CAD 20 million. TAP, established in 2018 and headquartered in Vancouver, reported turnover of CAD 1.71 million in FY2025. The acquisition reinforces MphasiS' AI-led positioning and expands its Retail and Consumer Packaged Goods portfolio. The transaction is not a related party transaction.
Positive for shareholders as the acquisition strengthens MphasiS' AI capabilities and Decision Intelligence offerings aligned with its NeoIP roadmap, though the deal size is relatively small given TAP's limited turnover.