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Mphasis

Mphasis – Assisting Firms in Global Business Transformation From 1993.

Mphasis Group, a worldwide, multicultural organization located in Bengaluru, India, specializes in offering clients worldwide a spectrum of application development and maintenance services, infrastructure outsourcing services, and business and knowledge process outsourcing solutions. MphasiS Limited (MphasiS) was established on August 10, 1992. It was created by the merging of MphasiS Corporation, a US-based IT consulting firm, and BFL Software Limited, an Indian IT services firm. Australia, Belgium, Canada, France, Germany, India, Ireland, Mauritius, the Netherlands, the People’s Republic of China, the Philippines, Poland, Singapore, the United Kingdom, and the United States of America all have subsidiaries.

History Of The Company

In 1993, the company deployed extra workstations and equipment in order to develop its operations. MphasiS was awarded the ISO 9001-1994 accreditation by BVQ U.K. in 1995. In order to provide high-quality service to its customers, the company was reorganized in 1996 into six independent Business Units (IBUS). Compaq Development Center, Tandem Solution, Applications, Systems and Networking, Products, and Y2K are among them. In 1997, the company signed a long-term software development agreement with the US-based Compaq Corporation. That same year, MphasiS established a dedicated software development center for the US-based Lanier Worldwide, specializing in medical documentation management, and it also formed a strategic alliance with two US-based companies in order to enter the international market. In 1998, the company established a subsidiary in the United States and began a consulting activity to provide higher-margin services. During the same year, the Company launched its first healthcare product in the international market and signed an agreement with Net Communications, a subsidiary of Malaysia’s Netcard Corporation Berhard, to develop and market netKIOS globally.

Mphasis
Image source: mma.prnewswire.com

The Turning Point

Mphasis fortunes have been transformed by a takeover by the US-based private equity firm Blackstone and a fast reversal in the HP channel, which accounts for over 30% of its sales.

In September 2016, Blackstone purchased a majority 60.5 percent share in the Bengaluru-based IT services company from Hewlett-Packard Enterprise (HPE). Aside from that, a fast turnaround in the company’s HP business, which had been declining 15-20% each year until two years ago, proved to be a windfall. (HP/DXC is a shared entity/segment that arose after HP merged with another company, CSE, and is now known as DXC.) The turnaround is evident in the stock price of MphasiS, which has nearly doubled (up 93.5%) from Rs 500 on November 11, 2016, to Rs 968 on November 12, 2018. The stock beat most of its peers in the IT sector and the S&P BSE Sensex, rising 30% over this time period. Before this, MphasiS had declined for six years, falling 14% from Rs 581 in November 2010 to Rs 500 in November 2016. During this time, IT equities have risen by nearly 5,000%.

Mphasis At Present

Mphasis’ revenue ranks seventh among its top ten competitors. The top ten contestants have an average of 2.9B. Mphasis’ revenue has increased by 2.9 percent during the last four quarters. In the June quarter, net profit increased 3.9 percent year on year but declined 22.1 percent sequentially to 275.1 crores.
The banking and capital markets and logistics and transportation industries, which expanded 22.1 percent and 21.6 percent year on year during the June quarter, will be the primary drivers of growth.
In Q1, the company obtained new orders of $259 million in total contract value (TCV), with 79 percent of the deals pertaining to ‘new-gen’ services, which essentially allude to its digital business, which includes cloud, automation, and related technologies.

Jeroen Tas and Jerry Rao – Founders

Jeroen Tas and Jerry Rao co-founded MphasiS, an IT company, in 1998, which later merged with Indian IT services firm BFL Software in 2000.
Jeroen co-founded and served as President, COO, and Vice-Chairman of the board of MphasiS, an IT and BPO business bought by HP in 2006. Prior to joining MphasiS, he was the head of Transaction Technology, Inc., Citigroup’s tech lab, where he was in charge of the bank’s customer-facing technologies, such as Internet banking and self-service devices. Jaithirth Rao, often known as Jerry Rao, is a Mumbai-based Indian businessman and entrepreneur. He is the founder and former CEO of MphasiS software and the Executive Chairman of Value and Budget Housing Corporation. Jerry Rao has been regarded as one of India’s top banking and finances minds over the past two and a half decades. Rao was the Chairman and CEO of Transaction Technology Inc, and then the Global Electronic Card Division, before leaving Citi. He also served on Citicorp’s Internet Steering Committee.

atos

Atos – A French IT Company Formed By A Series Of Mergers In The Late 90s.

Atos is a famous French multinational IT conglomerate. Though the company officially launched in 2000, the history of its origin dates back to the late 90s. The company’s headquarters is based in Bezons, France. The main products of the company are IT services and consulting which includes cloud platforms, cybersecurity services, big data, unified communications, etc. Atos provides services on a global scale to multiple industries like financial services and insurance, healthcare & life science, manufacturing, public sector and defense, telecommunication and media, logistics, etc. The founder of the company is Bernard Bourigeaud and the present CEO is Elie Girard.

The Founding Story of Atos

The story of Atos dates back to 1996 when a company called Origin B.V. was founded by the merger of two companies. The two companies are Philips Communication & Processing division and BSO, a Dutch company. In 1997, the company was established as a result of a merger between Axime and Sligos, both French companies. In 2000, another merger took place between Atos and Origin B.V., and together they formed Atos Origin.

Atos
Image source: wsj.net

Early Years, Acquisitions, and Spin-Offs

In 2001, the company sold one of its divisions (Nordic Operations) to WM-data. In the subsequent years, Atos made big acquisitions by acquiring KPMG Consulting (in the UK and Netherlands). In 2004, the company acquired SchlumbergerSema (IT division of Schlumberger) and Itellium (only the infrastructure division). In 2004, the company also created a new subsidiary called Atos Worldline and made the Atos Consulting division more pronounced. The part of the company that originated from the Philips C&P during the early merger was sold to Fujitsu. The company has business across various continents but in 2005 and 2006 the company sold its part of Nordic and the Middle East business.

Bernard Bourigeaud, after founding the company, also played the role of its CEO till 2007. He was replaced by Philippe Germond in that year but again in 2008, Philippe was replaced by Thierry Breton. After a couple of years, the company acquired Venture Infotek, an Indian payment company, and expanded its business into the Indian market. Later in 2010, the company acquired the IT Services subsidiary of Siemens for €850 million. In 2014, Atos bought a controlling stake in Bull SA and Xeros’s IT Outsourcing business. The latter acquisition tripled the size of the company in the North American market. Atos, in 2018, went into a partnership with Google Cloud to offer secure AI systems. In July 2021, the company announced the acquisition of Visual BI, a leading company that exclusively focuses on Cloud Data Analytics and Business Intelligence.

Atos in Fighting COVID-19

Atos gathered all its technology and innovation resources to fight the spread of the COVID-19 pandemic last year. It supported the scientific community with its computing power and helped in accelerating vaccine research. Last year, to help the local authorities contain the spread of the virus, Atos created EpiSYS. It is an epidemic management system (EMS) that was built to store and manage all patient data and give healthcare professionals a view of the present epidemiological situation on a real-time basis. Company high-performing supercomputers were also put at work to support the European research teams with large computing resources. The company is also involved in data science projects which is more like a challenge launched by the White House to answer questions regarding the COVID-19 using data science tools.

About the Founder

Bernard Bourigeaud has done more than just founding Atos. He is also the founder of Axime, one of the leading IT services and payment companies in the world. Bernard founded Atos seven years after founding Axime and stayed as the CEO of the former. When he stepped down from Atos Origin, the company generated annual revenue of more than $5 billion and operated in more than 50 countries. Before he became an entrepreneur, he worked at Deloitte and Haskins & Sells for many years. He studied economics and management and is a qualified Chartered Accountant.