Mphasis partners with Israel-based quantum software provider

IT services company Mphasis has announced a strategic partnership with quantum software provider TelAviv-based Classiq to deliver quantum-powered industry solutions. The partnership aims to accelerate the adoption of quantum solutions for enterprises in sectors such as banking, financial services and insurance (BFSI), Lifesciences, Healthcare, Supply Chain & Logistics, and Chemistry. By leveraging Classiq’s quantum platform, Mphasis will develop industry-specific intellectual properties (IPs) and will also jointly market and implement customer IPs, execute customer projects, and provide support for the commercialisation of Classiq’s platform and IPs.

“This partnership enables us to combine our industry knowledge with cutting-edge quantum technology, to innovative solutions tailored to our clients' needs. Together we hope to lead the way in initiating and implementing state-of-the-art quantum solutions that redefine the boundaries of our field," said Srikumar Ramanathan, Chief Solutions Officer, Mphasis.

Notably, Indian IT services companies are accelerating investment and innovation in quantum technology. TCS, in May, announced a partnership with IIT Bombay to develop India’s first Quantum Diamond Microchip Imager for semiconductor quality assessment. This chip will image magnetic fields, allowing for non-invasive and non-destructive mapping of semiconductor chips, similar to a magnetic resonance imaging (MRI) at a hospital. This technology is crucial due to the challenges posed by traditional sensing methods in detecting anomalies caused by the shrinking size of semiconductors.

Further, in February, LTIMindtree became the first Indian Global System Integrator (GSI) to join the IBM Quantum Network. It is a community of Fortune 500 companies, academic institutions, startups, and national research labs working with IBM in the quantum technology space. LTIMindtree will also be collaborating with IIT Madras — an  IBM Quantum Innovation Center — on joint quantum research and workforce development, the company had then announced.