Mphasis strikes strategic alliance with Plug and Play

Mphasis has entered into a strategic partnership with Plug and Play Tech Center, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups. As part of the partnership, Mphasis will offer mentoring support to emerging technology startups, incorporate their products in its domain-focused solutions, extend access to its enterprise clients and help them scale.

To help further accelerate collaboration with startups, Mphasis had earlier launched Sparkles, an innovation lab that builds domain-relevant innovation centric solutions by leveraging emerging technology startups. Mphasis Sparkles Lab offers startups a platform to showcase innovative solutions to large enterprises and incorporate such products into Mphasis solutions.
 

“Plug and Play is one of the largest and most successful multinational accelerators in the world. They identify and nurture promising technology startups, and together we can help them succeed through our collaborative efforts. Our in-house innovation platform, Sparkles Lab, is leading the curve and fostering a unique partnership between global enterprises and promising startups. Together with Plug and Play, we aim to co-create newer, disruptive solutions that can positively impact enterprise client’s business addressing their future challenges, today,” said Dinesh Venugopal, President, Mphasis Direct and Digital.

He added, “Mphasis’ vast technology experience helps tie together integration services, domain capabilities, and the disruptive technologies from startups. This collaboration will lead to new insights into the impact of these disruptive technologies as well as go-to-market solutions for our enterprise clients.”

Mphasis’ domain depth, technology breadth, scale and access to marquee customers combined with Plug and Play’s startup ecosystem, agile development methodology and disruptive technology, will accelerate the co-creation of robust go-to-market solutions for enterprise clients. Through this partnership, Mphasis has the opportunity to work with 700+ shortlisted startups to create next-generation solutions and also collaborate with over 200+ Plug and Play corporate partners to help them take disruptive technology to market.

Depending on the stage of maturity of a startup, Mphasis may provide engineering services to build enterprise grade reliability and scalability as well as provide a platform to showcase their innovative ideas to its large enterprise customer base. It will incorporate specific startup products into its domain-rich solutions.

One of the largest incubators in the industry, Plug and Play hosts some of the world’s leading startups. Plug and Play’s key focus is to identify and nurture promising startups by running a six to eight-week program that helps transform their business vision to execution. Through our “Sparkles” Digital Acceleration Program, Mphasis drives digital transformation for organizations with low-risk investment by constantly bringing in industry disruptors that revolutionize FinTech, Insuretech sectors, and others.

“Plug and Play is the world’s largest innovation platform focusing on thirteen verticals that includes fintech, insurtech and cybersecurity, among many others. Every six months, we choose the best twenty companies that would help an industry, like mobility or insurance, digitally transform. We also look for disrupters like Uber, Airbnb and Lending Club that would change the paradigm and revolutionize the hospitality, mobility or financial industries. It is a great pleasure to welcome Mphasis and work together with them and their clients to show value during the digital transformation of these corporations,” said Saeed Amidi, Founder & CEO, Plug and Play.