Mphasis has entered into a new Solution Partner relationship with DXC Technology, the world's leading independent, end-to-end IT services company, to transform and modernize enterprise applications for public, private and hybrid cloud.

The collaboration builds on deep, complementary vertical expertise, strong portfolios in next-generation IT services-including cloud and digital innovations-and accelerated automation capabilities to deliver strong business value to organizations across industries globally. The two companies will work together to help clients accelerate the modernization of their applications as they move to the cloud."Transforming and modernizing customers' applications to public, private and hybrid cloud is vital for enterprises to stay future-relevant in the digital era and fuel their growth trajectory," said Nitin Rakesh  chief executive officer and executive director, Mphasis. "We are excited to be a DXC Solution Partner, as this plays to Mphasis' core strength of accelerating our customers' digital transformation journey, powered by cloud services. Mphasis and DXC collaborating will continue to bring greater value to clients."

Shares of the company gained Rs 7, or 1.22%, to trade at  Rs 580.00.  The total volume of shares traded  was  1,847 at the BSE (10.27 a.m., Friday).