Mphasis to focus on continuity of biz, says CEO

Mphasis to focus on continuity of biz, says CEO

Mphasis to focus on continuity of biz, says CEO

 Nitin Rakesh, the newly appointed Chief Executive Officer of mid-tier IT services provider Mphasis, has said the company will focus on continuity of business and geographic expansion.

In an interaction with DH, Rakesh said the company has its solid footing in banking and financial service vertical.

“There is continuity of a lot of things that involves business, and that will really be the focus, especially on accelerating within that continuity,” he said.

Rakesh replaces CEO Ganesh Ayyar after becoming the Additional Director on the Board at Mphasis with effect from January 29. Besides focusing on the platforms already established, Rakesh said the company will expand its presence in other geographies.

“We are currently running a majority of our business in the United States and looking at expanding our base to Europe. There is a lot of opportunities in the continental Europe. With our new product offering, Mphasis can do better in these geographies,” he said.

Mphasis, acquired by private equity giant Blackstone from HP Enterprise for over $1 billion last year, is looking at the former CEO and President of Syntel to expand its business.

Rakesh said the company will avail its intellectual property, automation and cognitive solution to take the company to next level.