Acquisition History / Mphasis Ltd / Theory and Practice Business Intelligence Inc.
Mphasis Ltd Acquires Theory and Practice Business Intelligence Inc.
Announced April 21, 2026 — $21.9M
What happened
Theory and Practice (TAP) is a Vancouver-based technology company whose Continuum AI decision-intelligence platform combines AI with behavioural economics for clients in financial services, retail and CPG. Indian IT services group Mphasis bought it to add 'decisioning intelligence' capabilities. Consideration is C$10M upfront with up to C$20M of multi-year management milestone payments.
- Acquirer
- Mphasis Ltd
- Target
- Theory and Practice Business Intelligence Inc.
- Announced
- April 21, 2026
- Price
- $21.9M
- Industry
- Decision intelligence / AI software
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Mphasis Ltd acquire Theory and Practice Business Intelligence Inc.?
Mphasis Ltd acquired Theory and Practice Business Intelligence Inc. on April 21, 2026. This was Mphasis Ltd's 1st publicly tracked acquisition out of 2 we have on record.
How much did Mphasis Ltd pay for Theory and Practice Business Intelligence Inc.?
Mphasis Ltd paid $21.9M for Theory and Practice Business Intelligence Inc..
What does Theory and Practice Business Intelligence Inc. do?
Theory and Practice (TAP) is a Vancouver-based technology company whose Continuum AI decision-intelligence platform combines AI with behavioural economics for clients in financial services, retail and CPG. Indian IT services group Mphasis bought it to add 'decisioning intelligence' capabilities. Consideration is C$10M upfront with up to C$20M of multi-year management milestone payments.
What other Decision intelligence / AI software companies has Mphasis Ltd acquired?
Theory and Practice Business Intelligence Inc. is Mphasis Ltd's only publicly tracked acquisition in Decision intelligence / AI software so far.