New Delhi, April 22 -- Mphasis has acquired Theory and Practice Business Intelligence Inc. (TAP) in a deal valued at up to CAD 30 million, as the company looks to expand its artificial intelligence (AI)-driven decision intelligence capabilities.

The acquisition includes an upfront payment of CAD 10 million, with an additional contingent consideration of up to CAD 20 million tied to performance milestones.

TAP, founded in 2018 and headquartered in Vancouver, has developed Continuum AI, a platform that combines AI with behavioral economics to improve enterprise decision-making. The platform is designed to support real-time decision workflows across areas such as demand forecasting, pricing, marketing, and supply chain operations.

With th...