Mphasis Recognized as a Major Contender and a Star Performer in Everest Group’s Peak Matrix Top Software Product Engineering Services 2023 Report

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Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced that it has been recognized as a “Major Contender and a Star Performer” by Everest Group, in its PEAK Matrix® for Top Software Product Engineering Services of 2023. Mphasis has been recognized for its robust portfolio of proprietary IP solutions and frameworks across themes such as analytics, AI/ML, and cloud engineering.


Everest Group’s report highlighted Mphasis as an organization that actively enhances its expertise in cloud engineering, AI/ML, data, and analytics, and agile & DevSecOps through talent enhancement initiatives to develop differentiated offerings. It also acknowledges Mphasis’ global expansion efforts in establishing onshore, nearshore, and offshore locations to strengthen its presence in software product engineering services.


“This recognition is a validation of our PES competency in the growing Software Product Engineering Software Services segment. Product Engineering Services are a focus area for us, we continue to build our expertise. Engineering is in our DNA and this segment plays to that strength. Thanks to Everest for recognizing our expertise and grateful to our clients who continue to vote with their trust and spend,” said Elango R., President, North America, Mphasis.


“Mphasis’ investments in COEs and talent development initiatives has enhanced its services in areas such as software development and testing, user experience and interface design, and cyber-security, among others,” said Akshat Vaid, Vice President at Everest Group. “In addition, the company delivers value through multiple IPs across themes such as PaaS, device integrations, and process automation, along with partnerships with technology players and cloud vendors. Clients have also appreciated Mphasis for its ability to deliver quality at competitive prices. This has all helped Mphasis emerge as a Star Performer in Everest Group’s Software Product Engineering Services PEAK Matrix® Assessment 2022.”


The group analyzed the proprietary database of 33 leading engineering service providers on Everest Group’s PEAK Matrix® for the creation of this report. The assessment is based on RFI responses from service providers and a proceeding analysis of the engineering service market.