Long - Time Technology Alliance Leveraged to Create Next Generation Collaboration Solution For the Engineering and Construction Industry
FREMONT, Calif. Jan. 29, 2002
Infosys Technologies Ltd. (Nasdaq: INFY) today announced its server - side development partnership with Citadon for Citadon CW TM. Citadon introduced the new product yesterday at the daratechPLANT2002 conference in Houston, the largest international forum focused on communicating, predicting and validating new developments in process plant and power industry information technology.
Citadon CW is designed specifically to meet the needs of enterprises with capital works programs that involve complex engineering and construction projects. Infosys' role i n developing the new product consisted of architecture definition, implementation and product selection, all phases made easier due to the team's clear understanding of Citadon's business requirements.
"Infosys has been an important and significant part of development of several versions of Citadon's products," said Ashok Segu, vice president and chief technology officer of Citadon. "By leveraging Infosys' global delivery model and expertise with MatrixOne's eMatrix application platform, used in the development of Citadon CW, we have a global partner who has the internal structure, domain knowledge and software development process to minimize our time to market. Infosys has once again proven its value to us and we look forward to working on the next project with their professional team."
Citadon is the leading provider of online software solutions for collaboration on the design, construction and operation of large, complex capital projects. Infosys, a world leader in consulting and IT services, has been an integral part of Citadon's development team since 1999. Infosys has been involved in various Citadon initiatives over the last two years, including enterprise application integration, data migration and sustenance of its existing product lines.
Infosys customized processes for Citadon and used its global delivery model to ensure round - the - clock execution that reduced Citadon CW's time to market while maintaining the quality of deliverables. Infosys' staggered development approach, customized for Citadon to conduct rigorous testing by various funnels of execution engines operating simultaneously, enabled Citadon to overcome the challenges of frequent strategic and product changes in the development of Citadon CW.
Infosysw as also able to leverage its strategic alliance with MatrixOne and its experience in developing applications based on eMatrix, MatrixOne's collaboration platform. Having implemented eMatrix at client locations worldwide, Infosys coupled this partnership with its extensive knowledge of Citadon's products to define, develop and deploy Citadon CW.
Awareness and experience with technologies like Java/J2EE, XML, SOAP and MatrixOne ADK also helped in this project.
"We are pleased to be part of a significant project for the engineering and construction industry," said Phaneesh Murthy, member of the board and head of worldwide sales and marketing for Infosys. "Infosys brings with it the technology and engineering domain expertise combined with experience in IT consulting to help define and implement products for companies like Citadon.
"Citadon continues to make huge advancements its next generation collaboration solution to market, and Infosys was happy to have helped develop this product as quickly and cost - effectively as possible," Murthy added.
Citadon provides an online software solution for collaboration on the design, construction and operation of large, complex capital projects. Citadon's solution automates and streamlines business processes and communications within and across enterprises, resulting in reduced project risk, shortened project schedules and reduced overall project cost. Headquartered in San Francisco, Citadon's application services are currently being utilized in over 30 countries, by more than 30,000 active subscribers on projects with construction values in excess of $120 billion. For more information visitwww.citadon.com . Citadon CW TM is a trademark of Citadon Inc.
Infosys Banking and Capital Markets (BCM) practice offers expertise in visioning, architecting and delivering business and technology solutions to global financial services organizations. The Infosys BCM solutions help companies increase their operational efficiency, enable more effective customer management and lower operational risk profiles. BCM provides services for four of the top five European banks, six of the top 10 securities firms and three of the top four credit card issuers.
Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys' Global Delivery Model to achieve higher quality, rapid time - to - market and cost - effective solutions. Infosys has over 10,000 employees in over 30 offices worldwide. For more information visit www.infosys.com.
Certain statements in this release concerning our future growth prospects are forward - looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward - looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed - price, fixed - time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20 - F for the fiscal year ended March 31, 2002 and the Quarter Report on Form 6 - K for the quarter ended June 30, 2002. These filings are available at www.sec.gov . Infosys may, from time to time, make additional written and oral forward looking statements,including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward - looking statement that may be made from time to time by or on behalf of the company.
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