Mphasis completes CAD 10 million TAP acquisition to add AI platform
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Mphasis has closed a CAD 10 million cash acquisition of Theory and Practice Business Intelligence (TAP), adding the Continuum AI decision‑intelligence platform to its NeoIP™ suite.
- Purchase price: CAD 10 million cash at closing plus up to CAD 20 million contingent on multi‑year performance milestones.
- TAP’s revenue: modest growth to CAD 3.13 million in 2024 and an ARR of CAD 1.71 million for 2025.
- Strategic boost: Continuum AI adds a decision‑intelligence layer to Mphasis’ NeoIP™, expanding capabilities in Retail, CPG and Financial Services where AI‑driven decision spend exceeds 80% of AI budgets.
- Talent gain: Founder Dr. Rogayeh Tabrizi joins as EVP‑CPG & Head of Decision AI, bringing deep AI and behavioral economics expertise.
- Analyst view: outlook rated 8/10, with expectations of top‑line and margin accretion over the next 2‑3 years, contingent on successful integration and milestone achievement.
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