Major information technology (IT) and outsourcing companies like Infosys,[108] Cognizant[109] and Thomson Reuters[110] have their offices at Mangalore.[90] Mphasis' Business Process Outsourcing (BPO) has a branch in this city.[111] IT parks Export Promotion Investment Park (EPIP) at Ganjimutt[112] and Special Economic Zone (SEZ) near Mangalore University have been constructed.[113] An IT park called Soorya Infratech park is situated in Mudipu.[114] Tata Consultancy Services (TCS) has planned to invest ₹500 crore (US$70.10 million) and setup its office at Karnad near Mangalore.[115][116] KEONICS has planned to setup an IT park at Derebail in Mangalore, similar to Electronic City, spanning an area of 100 acres.[117][118][119]