Acquisition History / Mphasis Ltd / Theory and Practice Business Intelligence Inc (TAP)
Mphasis Ltd Acquires Theory and Practice Business Intelligence Inc (TAP)
Announced April 23, 2026 — $7.7M
What happened
Mphasis announced the acquisition of Vancouver-based Theory and Practice Business Intelligence, developer of the Continuum AI decision intelligence platform, for CAD 10 million upfront with up to CAD 20 million of multi-year milestone-based contingent consideration. Founded in 2018, TAP works with financial services, retail and CPG enterprises. The deal supports Mphasis's AI push.
- Acquirer
- Mphasis Ltd
- Target
- Theory and Practice Business Intelligence Inc (TAP)
- Announced
- April 23, 2026
- Price
- $7.7M
- Industry
- Decision intelligence / AI analytics
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Mphasis Ltd acquire Theory and Practice Business Intelligence Inc (TAP)?
Mphasis Ltd acquired Theory and Practice Business Intelligence Inc (TAP) on April 23, 2026. This was Mphasis Ltd's 2nd publicly tracked acquisition out of 2 we have on record.
How much did Mphasis Ltd pay for Theory and Practice Business Intelligence Inc (TAP)?
Mphasis Ltd paid $7.7M for Theory and Practice Business Intelligence Inc (TAP).
What does Theory and Practice Business Intelligence Inc (TAP) do?
Mphasis announced the acquisition of Vancouver-based Theory and Practice Business Intelligence, developer of the Continuum AI decision intelligence platform, for CAD 10 million upfront with up to CAD 20 million of multi-year milestone-based contingent consideration. Founded in 2018, TAP works with financial services, retail and CPG enterprises. The deal supports Mphasis's AI push.
What other Decision intelligence / AI analytics companies has Mphasis Ltd acquired?
Theory and Practice Business Intelligence Inc (TAP) is Mphasis Ltd's only publicly tracked acquisition in Decision intelligence / AI analytics so far.
More Mphasis Ltd acquisitions
Theory and Practice Business Intelligence Inc.
$21.9M · 2026