Mphasis (BSE: 526299; NSE: MPHASIS), a leading IT solutions provider specializing in cloud and cognitive services, today announced that it has been recognized as a Major Contender by Everest Group, a consulting and research firm focused on strategic IT, business services and sourcing, in the reports titled: “Everest Group PEAK MatrixTM for Insurance Application Outsourcing Service Providers” and “Everest Group PEAK MatrixTM for Property & Casualty (P&C) Insurance Application Outsourcing Service Providers”.

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