MphasiS to hire 100 initially and expand to 300 Island workers
IT company MphasiS is expanding its presence in North America with plans to open a near-shore centre in Prince Edward Island.
Plans for the centre were announced this morning via video by Premier Robert Ghiz.
Headquartered in India, MphasiS is a $1 billion global service provider, delivering technology-based solutions to clients across the world.
The P.E.I. centre will initially house 100 employees which will grow to 300 in the next two year. The centre will serve regional customers, especially catering to the banking and capital market hubs located in North America.
Employees at the Prince Edward Island centre will develop and deploy "integrated business solutions around application services, business process outsourcing and infrastructure management," states a news release.
âWe are fortunate to have a strong presence of IT workers located in Prince Edward Island and excellent educational institutions that will continue to train future workers,â said Ghiz in the video. âPrince Edward Island is an ideal near shore location, with our low operating costs, access to markets, tax incentives and rebates. The relationship with MphasiS is evidence of our commitment to promote investments in our innovative thinking, our people and our infrastructure.â
Ghiz has tasked his government to work with the company in the recruitment of employees, and Holland College will be asked to increase the capacity of IT programs currently being offered.
âThis new centre may also attract new residents, who are keen to our high quality of living and location.â
âPrince Edward Islandâs proximity to the hub of global financial centres and our focus on banking, capital markets and insurance made it an attractive choice. The Government of Prince Edward Island has demonstrated significant business partnership focus. I am confident of this being a vibrant centre,â said MphasiS CEO Ganesh Ayya in the news release.
With currently over 40,000 employees, MphasiS services clients in banking and capital markets, insurance, manufacturing, communications, media and entertainment, health care and life sciences, transportation and logistics, retail and consumer packaged goods, energy and utilities, and governments around the world.
The formal announcement took place at the companyâs headquarters in Bangalore.