Mphasis launches two new AI-driven platforms to improve productivity, shares rise 8%

In a filing to the stock exchanges on July 24, the company informed about the launch of two new AI-driven products— Mphasis NeoCrux and Mphasis NeoZeta— for Software Engineering and Enterprise modernisation.

The technology services provider said that the company said that Mphasis NeoCrux is a platform designed to enhance the efficiency of agile teams and accelerate the Idea2Launch IT value stream.

The NeoCrux platform goes beyond simple agent orchestration by offering an enterprise edition with personalized AI assistance that adapts to the behaviours of individual engineers, providing tailored support and improving overall productivity, the company said.

Mphasis NeoZeta is an innovative platform designed to address enterprise application modernization, rather than merely being an AI-powered code converter. NeoZeta extracts and leverages enterprise knowledge embedded in code and technical documents, providing long-lasting value for software systems.

Mphasis NeoZeta Re-Learning Agents effectively interact with Mphasis NeoCrux forward engineering Agents, creating a comprehensive software engineering ecosystem that enhances knowledge-driven development.

NeoZeta will be accessible through the Gen-AI Foundry for Financial Services, a collaborative initiative between AWS and the Mphasis.AI business unit. This integration aims to streamline and advance enterprise application modernization and software engineering processes.

Ramanathan Srikumar, Chief Solutions Officer at Mphasis said that Mphasis NeoCrux and NeoZeta are game changers for integrating essential tools and leveraging the transformative power of Gen AI agents and enterprise application modernisation by uncovering valuable insights from code and non-code artifacts such as architecture documents and meeting transcripts.

Shares of Mphasis were trading 8.05% higher at ₹3,073.6 apiece on the NSE at 3:10 pm.