Mphasis and Classiq Partner To Accelerate Quantum-powered Solutions for BFSI, Supply Chain & Logistics, Lifesciences & Healthcare verticals

Mphasis, an IT solutions provider specializing in cloud and cognitive services, has announced a strategic partnership with Classiq, a leading quantum software company. This collaboration aims to pioneer Quantum Computing Solutions for various sectors including BFSI (Banking, Financial Services, and Insurance), Supply Chain & Logistics, Life Sciences, and Healthcare. 

The partnership is set to accelerate the adoption of quantum solutions by integrating them into enterprise operations. Mphasis will focus on building industry solutions utilizing advanced algorithms developed by Classiq. Together, they plan to develop industry-specific intellectual properties (IPs), market and implement customer IPs, execute customer projects, and provide support for the commercialization of Classiq’s platform and IPs.

Mphasis' Quantum Initiative, launched in 2020 within the Applied R&D division, NEXT Labs, is designed to facilitate clients' transition to the quantum era through awareness-building, assessment, consulting workshops, and the development and implementation of quantum solutions in key domains such as optimization, AI, simulation, and Cybersecurity.

This partnership is a significant step towards redefining technological boundaries and paving the way for a quantum-powered future, with both companies combining their expertise to unlock the vast potential of quantum computing.

Classiq is a Tel Aviv, Israel, headquartered quantum software company that has developed a platform for faster and more efficient quantum algorithm design. The company is known for its cutting-edge quantum development platform and its role in fostering innovation in quantum computing.

By leveraging Classiq's quantum platform, Mphasis will develop industry-specific intellectual properties (IPs) and will also jointly market and implement customer IPs, execute customer projects, and provide support for the commercialization of Classiq's platform and IPs.

The collaboration is a significant step towards integrating quantum solutions into enterprise operations and redefining technological boundaries.
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