NEW YORK, Sept. 14, 2017 /PRNewswire/ -- 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 and Star Performer by Everest Group, a consulting and research firm focused on strategic IT, business services and sourcing, in the report titled: "IT Security Services – Market Trends and PEAK Matrix™ Assessment: Security – The Biggest Digital Insecurity".
Based on Everest Group's evaluation, Mphasis significantly improved its market standing and transitioned to be a Star Performer, which is based on positive year-on-year movement on the PEAK Matrix. This is in addition to being included in the Major Contender category. In 2017, Mphasis achieved a growth of around 20% Year-on-Year (YoY) in IT security services revenue, improved business traction in North America and Europe and made credible investments to further develop and strengthen its security services portfolio.
Key reasons for Mphasis to be featured in the Everest Group's PEAK Matrix report:
- Established itself as cost-effective partner for infrastructure security implementation, threat management, and security operation services in the North American region
- Credible investments in developing its security solution portfolio addressing next-generation concepts of predictive and prescriptive threat management driven by analytics and AI based automation.
"Addressing threats in today's security landscape and identifying exploitations of known vulnerabilities should be of upmost importance to all organizations across industries. Enterprises are exceedingly exposed to security breaches that can cause major havoc and pose as an extreme threat to their organization," said Dinesh Venugopal, President, Direct Core business and Digital, Mphasis.
He added, "Being recognized by an independent third party like Everest Group validates Mphasis' deep knowledge and expertise in the evolving and complex security market. This recognition is a testament to our overall goal and vision – offer our customers top of the line security services that addresses the challenges they face and positively impact on their business."
Everest Group also named Mphasis as Star Performer based on its revenue growth, investments in proprietary solutions: MTrust; RBAC; InfraGenie; and Digital Security Utility (DSU), technology partnerships, and its strong delivery capabilities.
"Rapid digitalization has made the enterprise IT security landscape highly complex and challenging to handle as CISOs look to guard their enterprise environments against burgeoning internal and external threats. Mphasis is taking the right steps towards building a balanced and cost-effective security services portfolio underpinned by credible investments in next generation themes such as security analytics and automation," said Ashwin Venkatesan, Practice Director for Cloud & Infrastructure Services, Everest Group.
Everest Group's IT Security PEAK Matrix is an objective, data-driven, and comparative assessment of IT security service providers based on their absolute market success and delivery capability. The assessment evaluated 17 leading IT service providers and assessed the profiles of each based on their delivery capabilities, market success and other key areas that include: security services vision, services suite, scale of operations, key solutions, and partnerships.
Everest Group's PEAK Matrix™ a composite framework adopts an objective and fact-based approach (leveraging service providers RFIs and Everest Group's proprietary databases containing providers' deals and operational capability information). In addition, these results are validated/fine-tuned based on the firm's market experience, buyer interaction, and provider briefings.
Mphasis (BSE: 526299; NSE: MPHASIS) enables customers to reimagine their digital future by applying a unique formula of integrated cloud and cognitive technology. Mphasis X2C2 TM formula for success, (shift anything to cloud and power everything with cognitive), drives five dimensions of business value with an integrated consumer-centric Front to Back Digital Transformation, enabling Business Operations and Technology Transformation. Mphasis applies advancements in cognitive and cloud to traditional application and infrastructure services to bring much needed efficiency and cost effectiveness. Mphasis' core reference architectures and tools, combined with domain expertise and hyper specialization are the foundation for building strong relationships with marquee customers. Click here to know more.