Mphasis is a Bangalore based IT services company,owned by Hewlett-Packard. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. MphasiS is ranked #7 in India IT companies and overall #165 by Fortune India 500 in 2011 with more than 40,000 employees as of 2012. In February 2014 the Mphasis company changed its logo and the Brand Name as Mphasis Unleash the Next as it seeks to boost business other than from parent Hewlett-Packard, currently its largest client. The 5th Feb 2014's announcement ",it is about Mphasis being more relevant to customers , including HP," Ayyar told reporters in Bangalore.