Infosys invests in Ireland on the back of strategic partnership with Allied Irish Bank
Infosys has been selected as a strategic partner by Allied Irish Bank, p.l.c. (AIB), a financial services group operating predominantly in the Republic of Ireland and the UK. Leveraging the momentum of this partnership, Infosys will also make significant investments in the Republic of Ireland.
As a strategic partner to AIB, Infosys will provide application development and management, and transformation and innovation services. It will also set up a 200-seat facility in Dublin to house the staff who will be transferred from AIB as well as any additional staff who will be appointed locally, following recent agreements that Infosys has signed in the region.
This exciting partnership with AIB is a springboard for Infosys to expand its services into a new market. The company intends to set aside US$10 million from its global Innovation Fund to support Irish startups. Earlier this year, it announced that a US$500 million Innovation Fund has been earmarked for investments in the growth of disruptive new technologies. Infosys is keen to continue sharing its expertise to assist startups that are developing and enabling these technologies.