Senior leaders from top consulting firms join Infosys to build a new generation consulting firm.
Bangalore - April 8, 2004
An ensemble of consulting leaders have left their posts at the industry’s top strategy and technology firms to team with Infosys Technologies Limited (NASDAQ: INFY) in launching a new business consulting firm that specializes in making companies more competitive. The new firm, Infosys Consulting, Inc., was incorporated in Texas and is a wholly owned subsidiary of Infosys.
"We have taken a somewhat unconventional approach to build our consulting capabilities. Having witnessed numerous failed mergers and acquisitions in this industry, we are instead assembling a dream team of top consultants from all the major firms -- and each one has signed on because he shares our passion to build a new generation consulting firm. While our beginnings may be modest, our vision is ambitious," said S. Gopalakrishnan, Chairperson, Infosys Consulting, Inc.
"This represents an important step in the evolution of Infosys. We believe this is a more prudent and lower risk approach," said Nandan M. Nilekani, CEO, Infosys Technologies Limited. "Infosys Consulting will be hiring aggressively in the United States and expects to provide a platform for top consulting talent. "The founding officers include Stephen Pratt, one of the Top 25 consultants in the world as profiled by Consulting Magazine (2003) ; Romil Bahl, former leader of EDS’ 5000 - person consulting practice; Paul Cole, former leader of global operations at CGE&Y; and Raj Joshi, former CEO of Deloitte Offshore. (Profiles of the founding officers are available at www.infosys.com.)
"After years of advising clients on how to get more competitive, it’s high time the consulting industry took some of its own advice. This is a wake - up call to our industry: we will offer clients more competitively priced projects, practical ways to increase competitiveness, and a much higher return on their consulting dollar," says Infosys Consulting CEO Stephen Pratt.
“We will combine top consulting talent with what I believe is the world's best global delivery model. For clients currently using traditional consulting firms this offers a new alternative. For current Infosys clients, this presents an additional way to use the global delivery model to their full advantage. It makes complete sense for our industry – and no other consulting firm can offer this today. The global delivery model is baked into the Infosys DNA and I know from personal experience that this model cannot be replicated by others within the foreseeable future," says Pratt. “The role of business consultants is to maximize the value they create for clients. This simply is a better way to do that."
In addition to building a more competitive model for consulting, Infosys Consulting will focus on making clients more competitive. "The business world has largely forgotten, or at least underestimated, the impact of competitiveness, and we believe it is the dominant predictor of business performance – and shareholder value," Pratt says.
The company will introduce a host of new services to the traditional consulting mix: up - front competitive edge assessments, proprietary industry analyses, and projects structured around beating the competition,” said Pratt. It also will offer workshops and training designed to hone the competitive mindset of client organizations.
For a full presentation about the new firm, including profiles of its founding members, visit www.infosys.com.
Infosys Consulting is a wholly - owned subsidiary of Infosys Technologies Limited. It is singularly focused on making clients more competitive, and does so with rigorous linkages to client value, a set of proprietary competitive benchmarking tools, and the Infosys global delivery model.
Infosys is a leading global technology services firm founded in 1981. Infosys provides end - t o - end business solutions that leverage technology for our clients across the entire software life cycle: consulting, design, development, re - engineering, maintenance, system integration, package evaluation and implementation. In addition, Infosys offers software products to the banking industry, as well as business process management services through its majority - owned subsidiary, Progeon. For more information, visit us on the World Wide Web at www.infosys.com.
Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those 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, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. 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 statements that may be made from time to time by or on behalf of the company.
For further information, please contact: PR_Global@infosys.com