Mphasis , a leading IT solutions provider specializing in cloud and cognitive services, has announced the launch of NeolP™, an innovative AI platform designed to revolutionize enterprise transformation. This cutting-edge solution integrates multiple Mphasis.ai solutions and leverages Ontosphere, an ontology-powered knowledge graph, to deliver continuous value and transformation for businesses.

Key Features and Benefits

NeolP™ offers a comprehensive suite of solutions across four critical categories:

1. Modernization
2. Application Development
3. ITOps
4. BusinessOps

These capabilities are delivered through specialized AI agents and frameworks, creating a powerful ecosystem for enterprise transformation.

Impressive Early Results

Early client deployments of NeolP™ have demonstrated significant improvements across various dimensions:

Integration and Expansion

NeolP™ is designed to seamlessly connect with third-party AI agents through Model Context Protocol (MCP) and Agent2Agent (A2A) standards. This integration capability expands the platform's agent fabric, enabling unified, cross-enterprise orchestration.

AI-Powered Marketplace

As part of this initiative, Mphasis has transformed its AppStore into an AI-powered marketplace. This enhancement allows employees to easily discover, download, and utilize NeolP™ solutions, streamlining access to tools that drive innovation and efficiency across the organization.

Future Developments

The launch of NeolP™ sets the stage for Mphasis' next phase of innovation under the Mphasis Quantum initiative. This upcoming phase promises to introduce new solutions leveraging quantum computing and AI to further enhance enterprise decision-making and transformation capabilities.

Nitin Rakesh, Chief Executive Officer and Managing Director of Mphasis, emphasized the platform's significance: "NeoIP™ redefines the model. It brings together Mphasis-built AI solutions, partner technologies, and client assets into a single platform that supports multiple data sources, large and small language models, and computing environments. It represents the future of enterprise tech, which is intelligent by design, secure by default, and scalable by nature."

As businesses continue to navigate the complexities of digital transformation, Mphasis' NeolP™ platform emerges as a powerful tool to drive continuous innovation and efficiency in the enterprise landscape.

Mphasis , a leading IT services and solutions provider, has announced that the recent U.S. H-1B visa fee increase will not have a significant impact on its financials or operations. This statement comes in response to the U.S. Proclamation and the subsequent Memorandum, which implemented a substantial one-time fee of $100,000.00 for each new H-1B visa petition.

Low H-1B Dependency

The company's resilience in the face of this policy change is attributed to several factors:

1. Low H-1B filing volume
2. Reduced visa reliance through increased local hiring
3. Strategic acquisitions and partnerships
4. Focus on AI-led deals

H-1B Visa Statistics

Mphasis provided insight into its H-1B visa usage:

Business Continuity

The company emphasized its readiness to maintain normal operations:

• Fully staffed for all existing client requirements
• Operating in a business-as-usual mode
• Continued focus on AI-led propositions to address potential challenges

Strategic Adaptations

Over the years, Mphasis has been proactively reducing its dependence on visas through:

• Increased local hiring in the U.S.
• Strategic acquisitions
• Developing key partnerships

Management Statement

Mayank Verma, Senior Vice President and Company Secretary of Mphasis, stated in the company's filing, "We do not foresee any significant impact on our financials or operations given our low H1B filing volume as well as the relative portion of our overall U.S. employees that are on H1B visas."

Looking Ahead

Mphasis remains committed to adjusting and evolving its strategies to navigate the changing regulatory landscape. The company's focus on AI-led deals has reportedly helped build sufficient system resiliency, positioning it well to address future challenges.

As the tech industry adapts to new visa regulations, Mphasis's proactive approach and diversified workforce strategy appear to place it in a favorable position to mitigate potential impacts on its U.S. operations.