Mphasis and CrossTower partner to develop a ‘Center of Excellence’ in Web 3.0 and Blockchain technologies


Mphasis (BSE: 526299; NSE: MPHASIS), an information technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with CrossTower, one of the world’s leading crypto exchanges, to build a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain based products that will be launched and traded on the CrossTower platform.

The partnership between Mphasis and CrossTower will accelerate and scale the Web 3.0 talent within Mphasis, providing new avenues for application of innovative blockchain based solutions in public and private industries, including financial services, supply-chain, healthcare & life sciences, insurance, logistics, entertainment, art, and retail. The rapid adoption of digital assets has also led to financial and non-financial institutions too including them in their strategic planning.

“Mphasis has been an early adopter of blockchain technology, building industry specific solutions around digital assets and more recently Web 3.0. We are pleased that we have an opportunity to partner with CrossTower to build a Center of excellence (CoE). We particularly value this partnership as CrossTower is one of the most regulatory focused players in this space and provides unparalleled governance driven digital assets. Mphasis with its Blockchain capability, expertise in architecting cloud native platforms and user experience design and implementation, is uniquely positioned to partner with CrossTower,” said Nitin Rakesh, CEO and Managing Director, Mphasis.

“CrossTower prides itself for its distinct and superior knowledge of trading, technology, operational infrastructure, innovative pricing, regulations, and compliance to make digital assets accessible to retail and sophisticated institutional market participants. Mphasis’ extensive banking & financial services client base would be able to take advantage of our Decentralized finance (DeFi) and Blockchain solutions. This partnership with Mphasis will catapult our development capabilities and accelerate our growth to provide the best trading platform and ecosystem for both non-traditional and traditional financial services providers to expand beyond traditional asset classes,” said Kapil Rathi, CEO and Co-Founder, CrossTower.

A recent report by Market Research Future (MRFR) predicts that Web 3.0 and Blockchain market is projected to grow exponentially by 2030. Considering the future of Internet, Web 3.0 enables users and developers to use decentralized blockchain technology. This would significantly impact BFSI, e-commerce & retail, media & entertainment, healthcare & pharmaceuticals, IT & telecom, amongst other sectors’ businesses speeding up.

Mphasis’ partnership with CrossTower is a milestone in the digital assets industry, as it is the amalgamation of technologies’ ‘Next Applied’ innovation for future, with globally ranked #4 for in the world by CryptoCompare as crypto exchange to build a safer, smarter, and wider scope for Web 3.0.


Mphasis, Government of Alberta and University of Calgary partner to accelerate the development of Quantum Computing ecosystem in Calgary


Mphasis (BSE: 526299) (NSE: MPHASIS), an information technology solutions provider specializing in cloud and cognitive services, Government of Alberta and the University of Calgary (UCalgary) together announced a strategic partnership to:

  • Spur economic growth and high-quality job creation within the technology sector in Alberta; will create 500 – 1000 technology jobs
  • ‘Sparkle Calgary’ by introducing experiential learning programs with Mphasis proprietary platform
  • Establish Quantum City Centre of Excellence (CoE) to strengthen the UCalgary innovation ecosystem by creating a hub for companies focused on the commercial development of Quantum technologies.

Alberta’s government is obsessed with creating the best environment for job creation in Canada. We are thrilled to welcome Mphasis to Alberta! A global tech leader, Mphasis will build their Canadian headquarters and 500-1000 jobs over the next 24 months. Our re-focused post-secondary strategy and jobs-training programs are growing Alberta’s capacity to provide more highly-qualified workers to fill these and other positions as our economy recovers and our tech sector grows. Mphasis will bring world-leading technology and investment. We’re proud to welcome them.” Premier Jason Kenney, Alberta, Canada

“The Quantum Computing lab at UCalgary aligns with Mphasis’ expertise and partnerships in Alberta’s Research and Innovation Framework (ARIF) which covers diverse industries such as Financial Services, Logistics, Energy, Space, Clean Tech, Climate and Environment, Biotech amongst many others. We are delighted that this collaboration will elevate Mphasis’ expansion of its operations in Canada, while promoting the Province’s position as a global hub for next generation technology, including quantum computing,” said Nitin Rakesh, Executive Director & CEO, Mphasis.

“This is the start of something big,” said Ed McCauley, President of UCalgary. “Thanks to the people and technology cultivated at Quantum City, Calgary’s economy will grow and diversify. Quantum technologies often sound like science fiction today, but they will sound like pay cheques tomorrow. This is how great research universities improve their community and it’s a great day for UCalgary.”

UCalgary, in association with Mphasis, is pursuing the development of an AI-driven personalized learning experience. This capability will be further extended and commercialized for the global education market

“Mphasis’ decision to put their Canadian headquarters in Calgary reflects our city’s growing reputation, and our global recognition, as a burgeoning technology ecosystem. It is through the culmination of hard work from partners like the University of Calgary, Calgary Economic Development and Invest Alberta that companies know Calgary as the destination of choice for the world’s best entrepreneurs who embrace innovation to solve the world’s biggest challenges,” said Calgary Mayor Naheed Nenshi“And our mission to India last year gave us the opportunity to solidify the relationship and take part in some meaningful dialogue with Mphasis’ executives to ensure they heard first-hand about our amazing community.

“Invest Alberta recognizes the transformative potential of applied technology to innovate business practices, and the critical work of IT firms. We believe that Mphasis, with its blend of innovative technology and services will strengthen Alberta’s technology portfolio and empower the province to become a global technology hub and leader in IT, quantum computing, blockchain, fintech, data, and artificial intelligence,” David Knight Legg, CEO, Invest Alberta Corporation.

“We are thrilled that Mphasis selected Calgary as their North American Quantum Computing hub. As we grew our relationship with the Mphasis team over the last several years, Calgary emerged as the natural fit given our extraordinary programming at post secondaries like the University of Calgary. Mphasis is known globally for their cloud and cognitive services, and they will help propel Calgary’s growing tech ecosystem to new levels and create hundreds of local jobs,” said Patrick Mattern, Vice President Business Development, Calgary Economic Development.