Mphasis (MPHASIS) is a global IT and BPO services company which delivers improvements in business performance for its clients through a combination of technology know-how, domain and process expertise. Promoted by the Bangur Foundation in 1992, it merged with Mphasis in April 2000, and the name changed to Mphasis-BFL. In April 2006, Electronic Data Systems Corporation (EDS) acquired Mphasis BFL with a consolidated share holding of approximately 61%, and the name changed to Mphasis in November 2006. Deepak Patel is the managing director of the company. Mphasis provides IT and BPO services and solutions to industries across various business verticals like banking, insurance, brokerage, airlines, mobile, networking and telecom, industrial automation, computing platforms, automotive-telematics, consumer electronics, healthcare, life sciences, RFID (retail), R&D and product development. Mphasis supports G1000 companies, certified with ISO 9001:2000 and ISO/IEC 27001:2005, and assessed at CMMI v 1.2 Level 5. The company also provides SEI CMMI, ISO and Six Sigma related services support. Mphasis has formed business alliances with Prudential Technologies, Sri Lanka and Spectrum Software, USA. It also has technology partnerships with Avaya, Amberpoint, BEA, Contivo, IBM, Interwoven, Microsoft, Novell, Oracle, ..etc. EDS has been named as the top company in the 2007 VARBusiness 500 ranking of information technology (IT) solution providers in the latest edition of VARBusiness magazine. The company, headquartered in India and the US, has an extensive offshore infrastructure for IT development and business process outsourcing. It has 29 offices in nine countries with delivery centers in India, China, South America and Europe. The registered office is at Bagmane Technology Park, Byrasandra, C. V. Raman Nagar, Bangalore.