Mphasis Acquires Theory and Practice Business Intelligence Inc. (TAP) to Expand NeoIP Decision Intelligence
April 24, 2026
Mphasis has acquired Vancouver-based Theory and Practice Business Intelligence Inc. (TAP), gaining ownership of its Continuum AI decision intelligence platform. The deal includes an upfront CAD 10 million payment at closing and up to CAD 20 million of additional management milestone-based contingent consideration over multiple years, as Mphasis integrates TAP into its NeoIP roadmap.
- Buyers
- Mphasis, Mphasis Ireland Limited
- Targets
- Theory and Practice Business Intelligence Inc., Theory and Practice Business Intelligence, TAP (Continuum AI platform), Theory and Practice Business Intelligence Inc. and its affiliates
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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