MphasiS Limited has informed the Exchange regarding a press release dated Jun 18, 2025, titled "Mphasis Recognized as a Contender in Application Modernization and Multicloud Managed Services Evaluation Report".
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MphasiS Limited informed the exchanges about a press release dated June 18, 2025, announcing its recognition as a 'Contender' in The Forrester Wave™: Application Modernization and Multicloud Managed Services, Q1 2025 report by Forrester Research. The report evaluated 15 top providers in the sector based on strategy and current offering. Forrester specifically highlighted Mphasis' strengths in high-performance IBM legacy environments, noting its relevance for modernization efforts in banking, finance, and airline industries. Srikumar Ramanathan, Chief Solutions Officer, said the recognition reinforces Mphasis' commitment to helping enterprises modernize legacy systems and integrate multi-cloud capabilities. The press release has also been published on the company's website.
This is a third-party analyst recognition that strengthens Mphasis' brand credibility in the application modernization and multicloud managed services space, particularly for legacy IBM environments. While it does not have a direct financial impact, it may help the company win new clients in banking, finance, and aviation, supporting its pipeline in these verticals.