India, June 18 -- Mphasis, a leading IT solutions provider with expertise in cloud and cognitive services, has been recognized as a 'Contender' in The Forrester Wave™: Application Modernization and Multicloud Managed Services, Q1 2025 report by Forrester Research, Inc.

The report highlights Mphasis' strong capabilities in transaction-intensive industries, particularly its deep experience in modernizing legacy technologies. It notes the company's strengths in managing high-performance IBM legacy environments—making Mphasis a valuable partner for modernization initiatives in sectors such as banking, financial services, and aviation.

Srikumar Ramanathan, Chief Solutions Officer at Mphasis, stated, "We believe this recognition fro...