Philippe Payet Becomes Head of MphasiS Wyde Europe and Emerging Markets; Will Be Based in London

PARIS--(Marketwired - Apr 29, 2013) - Philippe Payet becomes head of MphasiS Wyde in Europe and Asia. Philippe will be based in London, and his responsibilities will include the development of sales, the management of projects and the customer relationships in those geographies. Within the MphasiS group for the last five years, Philippe joined MphasiS Wyde when both entities merged in August 2011 and led the sales integration of Wyde into MphasiS.

"I've known Philippe for a couple of years now and I do believe he will be up to our clients' expectations and challenges," says Jean-René Lyon, CEO of MphasiS Wyde.

With 14 years' experience in the field of new technologies in insurance and telecom, Philippe has an extensive knowledge of the market. He has sold complex outsourcing deals to large European telecom and insurance carriers.

"I'm really excited about this new role. Since I joined MphasiS Wyde, I am sure our solution Wynsure has the potential to be one of the leading solutions in Europe and Asia. Thanks to the strong expertise of our employees, our continuous investment in R&D and our accurate go-to-market strategy, I am convinced that we will meet the challenge with success!" says Philippe Payet.

Philippe majored in Economics and Finance from Sciences Po Lyon, France, holds a Master's degree in International Business Trade from Strasburg University, France and an MBA from Imperial College in London, UK.

About MphasiS Wyde
With a modern research and development center in Paris, France, MphasiS Wyde has deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily customizable software product that offers policy administration, claims and billing solutions across life and annuities, disability, health, and property and casualty insurance. Wynsure can be deployed at an insurance carrier for one or multiple lines of business as a complete end-to-end solution. MphasiS Wyde has over 200 employees who possess significant domain expertise. To learn more about Wynsure visit www.wynsure.com.

About MphasiS
MphasiS (an HP Company) is a USD 1 billion global service provider, delivering technology based solutions to clients across the world. We serve clients across industries, including Banking and Capital Markets, Insurance, Manufacturing and Communications. MphasiS' integrated service offerings in Applications, Infrastructure Services, and Business Process Outsourcing help organizations adapt to changing market conditions and derive maximum value from IT investments. For more information about MphasiS, log on to www.MphasiS.com