Mphasis Partners with MoneyGram Haas F1 Team to Drive Innovation in Formula 1

On November 21, 2024, Mphasis, a leading IT solutions provider focused on cloud and cognitive services, announced it has become the ‘Official Digital Partner’ of the MoneyGram Haas F1 Team. This multi-year partnership aims to use advanced technology to enhance the team’s performance both on and off the track in the competitive world of Formula 1.

Through this collaboration, Mphasis will offer expertise in data analysis, automation, cybersecurity, artificial intelligence (AI), and predictive modelling to help the team optimise performance and improve operational efficiency. The partnership also includes engaging fans with interactive digital experiences, merging technology with the sport.

“We are thrilled to welcome Mphasis as our Official Digital Partner. Their expertise in advanced technology and innovative approach to problem-solving will be instrumental in helping us reach new heights of performance and efficiency. This multi-year partnership represents the perfect synergy between two organisations striving for excellence,” said Ayao Komastu, Team Principal, MoneyGram Haas F1 Team. 

“Partnering with MoneyGram Haas F1 Team is an exciting opportunity for Mphasis to showcase how technology can redefine what’s possible in the world of high-performance sports. This partnership underscores our commitment to drive the future of sports technology. We look forward to a collaborative journey focused on innovation and success,” said Nitin Rakesh, Chief Executive Officer & Managing Director, Mphasis. 

About MoneyGram Haas F1 Team

MoneyGram Haas F1 Team, which joined Formula 1 in 2016, is the first American F1 team since 1986. Founded by Gene Haas, who also heads Haas Automation, the team is based in Kannapolis, North Carolina.

About Mphasis

Mphasis aims to drive innovation for global enterprises by providing scalable and sustainable technology solutions. Its customer-first approach is evident in its Front2Back™ Transformation method, which integrates cloud and cognitive technology to deliver personalised digital experiences. Mphasis helps businesses modernise by applying digital technologies to existing systems, ensuring they stay competitive.

On November 22, 2024, Mphasis share price opened at ₹2,830.00, touching the day’s high at ₹2,883.65, reflecting a gain of 2.19% as of 11:14 AM on NSE. 

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