Mphasis – Artifex.News https://artifex.news Stay Connected. Stay Informed. Tue, 06 Oct 2026 13:15:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png Mphasis – Artifex.News https://artifex.news 32 32 Mphasis extends Social Security Scotland deal in £35.4 million contract https://artifex.news/article71551591-ece/ Tue, 06 Oct 2026 13:15:00 +0000 https://artifex.news/article71551591-ece/ Read More “Mphasis extends Social Security Scotland deal in £35.4 million contract” »

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Mphasis will provide support and maintenance for Social Security Scotland’s core benefits case management platform
| Photo Credit: The Hindu

IT services company Mphasis has extended its collaboration with Social Security Scotland, securing a £35.4 million contract to manage and maintain the Scottish Government agency’s benefits management platform.

Under the extended contract, Mphasis will provide support and maintenance for Social Security Scotland’s core benefits case management platform, which supports the delivery of devolved social security benefits and financial assistance to around two million citizens across Scotland.

The Bengaluru-based company will focus on ensuring the platform remains stable, resilient and reliable, supporting critical functions including benefit applications, eligibility decisions and payments.

The engagement is aimed at ensuring continuity of access to benefits that are important to individuals, families and communities across Scotland, while improving the operational efficiency of the digital platform.

“Our ongoing relationship with Social Security Scotland allows us to continue to support one of the country’s most critical public service platforms,” said Ashish Devalekar, Executive Vice President and Head of Europe, Mphasis.

He said the company’s engagement aligns with its broader public-sector strategy of helping government organisations operate secure, reliable and future-ready digital services.



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‘India mid-tier IT firms gain share from industry goliaths’ https://artifex.news/article68205488-ece/ Wed, 22 May 2024 21:38:00 +0000 https://artifex.news/article68205488-ece/ Read More “‘India mid-tier IT firms gain share from industry goliaths’” »

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Mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. Representational
| Photo Credit: REUTERS

Mid-tier firms in India’s $254 billion IT sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said.

Unlike larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects.

The practice has paid off in an environment of slowing demand in prominent markets such as North America and Europe.

LTIMindtree, Coforge, Mphasis and Persistent Systems are “increasingly viewed as challengers in (winning) Fortune 500 accounts, aiding the share gain process,” Kotak Institutional Equities said.

The smaller firms could outperform larger rivals further once discretionary spending improves, Kotak analysts Kawaljeet Saluja, Sathishkumar S. and Vamshi Krishna said.

This should set mid-tier IT firms up well as they try to win more budget-conscious clients in an economic backdrop where U.S. interest rates may stay “higher for longer”.

Industry body Nasscom estimated overall revenue growth more than halved to 3.8% last financial year.

“In the current macro environment, clients are increasingly looking at service providers (that) deliver services at lower and predictable costs with better business outcomes,” said Avinash Baliga, partner at consulting firm Avasant. Persistent Systems CEO Sandeep Kalra and Mphasis CFO Manish Dugar confirmed the market- share gains.



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