 "Mphasis")
IT services firm Mphasis is looking to reach the $1 billion revenue target as it taps more business from banking clients, its former owner HP and Blackstone portfolio companies with digital offerings that are growing faster than traditional outsourcing business.
Mphasis, whose majority stake was acquired by Private equity major Blackstone from Hewlett Packard Enterprise (HPE) last year, brought Nitin Rakesh as chief executive in January. Since then, Rakesh says that he has focused on finding hidden capabilities that were being served as silos to customers and expand it to the corporate level and tap newer business opportunities from them.
