SOURCE: MphasiS

MphasiS

November 16, 2010 09:00 ET

MphasiS Prepares for Next Phase of Growth With Customer Focused Realignment

Vertically-Oriented Organizational Restructure Will Enable MphasiS to More Effectively Focus on Customer Needs

NEW YORK, NY--(Marketwire - November 16, 2010) - MphasiS, a leading IT services provider, today announced the development of a new organizational structure that will enable the company to more effectively focus on the needs of its customers as it prepares for its next phase of growth. The new structure will be more vertically focused, allowing MphasiS to take advantage of its global expertise in key industries like banking, capital markets, and insurance, among others. By building stronger, vertically-oriented business units, MphasiS will be able to focus more directly on the needs of customers within these industries with solutions designed specifically for the market needs of each vertical industry.

As a result of the reorganization, MphasiS will be better positioned to sustain its market leading growth by building new capabilities and offerings aimed at specific vertical markets. The new structure will also free up resources to develop a dedicated team at the corporate level responsible for overall technology and innovation. This will help MphasiS target efforts across the vertical industries it services, focusing on the company's innovation and technology strategy to drive future growth.

Under the new structure, there will be an increased focus on risk management, which will be overseen by CEO Ganesh Ayyar, who will continue to lead the company. The reorganization was also designed to increase revenue with a greater focus on the direct sales channel and deliver more resources to key geographies, including America, in which MphasiS is poised for significant growth.

"As we continue to grow our business, it is imperative that we continuously evaluate the organizational structure and how to increase our value delivery to our customers," said Ganesh Ayyar. "This organizational shift is the result of our leadership team taking a good, hard look at where we were and making a conscious decision to retain our agility and customer focus despite our size. The new vertical focus will ensure that we are developing capabilities and solutions that will help our customers meet changing market needs."

About MphasiS
MphasiS is a leading Applications, Business Process Outsourcing, and Infrastructure Services provider. The company delivers real improvements in business performance for clients through a combination of technology knowhow, domain, and process expertise. With currently over 38,000 people, MphasiS services clients in Financial Services, Communications, Media & Entertainment, Healthcare & Life Sciences, Manufacturing, Transportation & Logistics, Retail & Consumer Packaged Goods, Energy & Utilities, and Governments around the world. To know more, visit www.MphasiS.Com

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