Mphasis Limited, through its subsidiary, is acquiring Canadian AI and data science firm TAP for up to CAD 30 million (approx. ₹204.0 Crore). The acquisition includes an upfront CAD 10 million payment and reinforces Mphasis’ AI-led platform capabilities while expanding its retail and CPG portfolio. The transaction is expected to close immediately.
Mphasis acquired 100% of Theory and Practice Business Intelligence Inc. (TAP) for up to ₹204.00 Crore (CAD 30 million). The acquisition strengthens Mphasis' decision intelligence capabilities and Retail/CPG portfolio. The deal includes a CAD 10 million upfront payment and CAD 20 million in performance-linked consideration.