Hub supports UK Government's focus on developing Next-Gen
Solutions in Quantum, AI, Cryptography
LONDON, Sept. 10,
2024 /PRNewswire/ -- Mphasis, (BSE:526299;
NSE: MPHASIS), a leading Information Technology (IT) solutions
provider specialising in cloud and cognitive services, today
announced the opening of its Innovation Hub for Mphasis Europe in
London's iconic Tower 42
building.
This strategic hub signifies Mphasis' commitment to pioneering
Quantum technologies within the UK and globally. The facility will
serve as a Centre of Excellence (CoE) for developing cutting-edge
Quantum Computing, Quantum Cryptography and Artificial Intelligence
(AI) solutions. These solutions will address critical industry
challenges such as algorithmic underwriting, catastrophic risk
modelling, and fraud detection. Mphasis' expertise will empower
businesses in the UK and worldwide to leverage the transformative
power of Quantum technologies.
The UK has already established itself as a global leader in
quantum technologies. Government's investment in the field has been
doubled to £2.5 billion over the next ten years. Recognising its
immense potential, the UK has prioritised quantum technologies
alongside other key advancements including AI, engineering biology,
semiconductors, and future telecoms.
Mphasis has steadily expanded its UK presence over the past
years and aims to double the headcount over the next three years
through the London innovation hub
which marks the next chapter in this commitment. The centre will be
a magnet for top local and international tech talent, fostering
collaboration and driving innovation across diverse industries
including banking, financial services, and insurance. This
strategic move positions Mphasis to leverage the UK's rich talent
pool, address evolving client needs and thrive within a supportive
technological ecosystem.
"At Mphasis, we're constantly pushing the boundaries of
technology. Our new London
innovation hub is a testimony to our commitment to the UK and its
vibrant tech scene. This centre will be a focal point for
developing next-generation solutions in AI, Quantum Computing, and
beyond. It's a significant step forward as we work to accelerate
digital transformation across Europe," said Nitin
Rakesh, CEO and Managing Director, Mphasis.
Janet Coyle CBE, Managing
Director Business, Grow London, London & Partners, who attended
the inauguration event said, "The UK is an innovation powerhouse
and a global magnet for world-leading businesses and talent. The
launch of Mphasis' Innovation Centre in London is a testament to this and is an
important addition to the thriving tech and business ecosystem in
the capital as AI and Quantum continue to push the forefront of
technology."
"The London Innovation Hub is a strategic game-changer for
Mphasis in the UK. It allows us to double down on our commitment to
the region, fueling growth in cutting-edge areas such as quantum
technologies, cryptography, and data solutions. The UK government's
focus on AI, data, and especially quantum computing, as evidenced
by the recent spring budget, aligns perfectly with our vision.
We're excited to be a key player in the UK's ambition to stay ahead
of the curve," said Ashish Devalekar, SVP & Head of
Europe, Mphasis.
Speaking at the event, a leading expert in the field, Dr.
Siddharth Saxena, Principal
Research Associate, Cavendish Laboratory & Director, Cambridge
Central Asia Forum said, "Quantum Science has undergone a
significant transformation in recent decades, evolving into
tangible technological solutions. Quantum Computing has been at the
forefront of this revolution, and we are now poised to witness the
emergence of broader Quantum functionality, bearing towards a
totally revolutionary step-change. As UK Universities and
innovation ecosystems continue to produce cutting-edge solutions
with unprecedent precision and targeted applications beyond data
science, Mphasis' anchoring here is well-timed and has the
potential to deliver transformative value to its customers."
Situated in London's iconic
Tower 42, a premier A-grade building known for its sustainability
efforts, Mphasis' new office embodies the company's dedication to
ESG principles.
About Mphasis
Mphasis' purpose is to be the "Driver in Driverless
Car" for Global Enterprises by applying
next-generation design, architecture, and engineering
services, to deliver scalable and sustainable software and
technology solutions. Customer centricity is foundational to
Mphasis, and is reflected in the Mphasis'Front2Back™ Transformation
approach. Front2Back™ uses the exponential power of cloud and
cognitive to provide hyper-personalized (C=X2C2TM=1)
digital experience to clients and their end
customers. Mphasis' Service Transformation approach helps
'shrink the core' through the application of digital technologies
across legacy environments within an enterprise, enabling
businesses to stay ahead in a changing world. Mphasis' core
reference architectures and tools, speed and innovation with domain
expertise and specialization, combined with an integrated
sustainability and purpose-led approach across its operations and
solutions are key to building strong relationships with marquee
clients. Click here to know more. (BSE: 526299; NSE:
MPHASIS)
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