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Mphasis acquires Canadian firm to boost its AI play
Mphasis announced its acquisition of Theory and Practice Business Intelligence Inc. (TAP), a Canadian technology firm behind Continuum AI, a decision intelligence platform. The deal includes CAD 10 million upfront and up to CAD 20 million in contingent consideration, aimed at enabling AI-driven enterprise outcomes at scale.
Why It Matters
The acquisition expands Mphasis's AI capabilities by integrating TAP's Continuum AI, potentially strengthening its ability to help enterprises make data-driven decisions at scale.
Timeline
1 Event
Mphasis announces acquisition of TAP to boost AI capabilities
April 22, 2026
Mphasis, an AI-led platform-driven technology solutions provider, announced its acquisition of Theory and Practice Business Intelligence Inc, (TAP), a Canadian technology company that developed Continuum AI, a decision intelligence platform that combines AI with behavioral economics to improve business decision-making and understanding buyer behavior. The upfront consideration is CAD 10 million at closing, with management milestone-based, multi-year contingent consideration of up to CAD 20 million. Through this acquisition, Mphasis and TAP would combine elements required to drive enterprise business outcomes using AI at scale.