Infosys' Solution Transforms Kids HQ's Cost-Driven Initiative into a Competitive Differentiator
Chicago, Il. - April 11, 2005
Infosys Technologies Ltd. (NASDAQ: INFY) today announced that Kids Headquarters (Kids HQ), the world's largest children's apparel company, has turned to Infosys to help comply with existing mandates from major retailers.
Infosys' RFID solution, based on Microsoft .NET, provides Kids HQ the flexibility and scalability required to quickly adapt to compliance initiatives and also look beyond it to other strategic initiatives. Kids HQ will benefit from a new scalable foundation upon which intelligent supply chain strategies can be developed.
"When considering RFID solutions, Infosys' approach is a great match. The Infosys RFID solution helps us look beyond the current mandate for compliance and creates a roadmap for the company", said Kevin Downs, chief technology officer, Kids Headquarters. "We are confident that this customized solution will not only help us to comply with Wal-Mart's directive, but it will also help us transform a cost driven initiative into a competitive differentiator."
The Infosys RFID solution for compliance and beyond addresses key issues facing suppliers and provides strategic direction on the use of RFID. The solution combines strategy, business process, technical consulting and implementation services, leading organizations to comply without compromising their future potential. The solution is based on Microsoft .NET and is scalable across multiple mandates and mandate expansions with minimal initial exposure. It provides customers an opportunity to transform a cost driven initiative into a competitive differentiator.
"Infosys RFID solution for compliance and beyond allows enterprises impacted by retailer mandates to look beyond mere compliance to derive business value from RFID in the long term", said Gopal Devanahalli, associate vice president, head of sales, retail and CPG practice, Infosys Technologies."It is a great opportunity to work with Kids HQ. They are a prime example of how RFID solutions can provide apparel manufacturers with alternative avenues to improve collaboration with supply chain partners and gain competitive differentiation."
Microsoft has a strong commitment to RFID and has created an RFID Partner Council to identify and address key technology challenges with partners. The council will work together to collaboratively create enabling solutions leveraging RFID. Infosys is a Microsoft RFID Partner Council member and is engaged with Microsoft on RFID initiatives. Infosys' efforts with Microsoft in the RFID space is a critical component in helping Kids HQ gain this differentiation. "Kids HQ's adoption of the Microsoft .NET based Infosys solution demonstrates how an RFID solution built on Microsoft .NET enables companies to gain efficiencies through integration earlier in the supply chain", said Balasubramaniam Sriram, RFID product unit manager at Microsoft.
Infosys is a leading global technology services firm founded in 1981. Infosys provides end-to-end business solutions that leverage technology from our clients across the entire software life cycle: consulting, design, development, re-engineering, maintenance, system integration, package evolution 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 www.infosys.com.
Kids Headquarters/Wear Me Apparel is a full service apparel corporation headquartered in NY employing over 650 people, as well as having offices overseas employing an additional 150 people. Products range from newborn through adult apparel in both boy and girl. Kids Headquarters services every major retailer throughout the U.S. via it's diverse portfolio of proprietary brands, character license's and national brands such as: Kenneth Cole Reaction, Timberland, Ecko Unlt'd, Rocawear, Ocean Pacific, US Polo Association, Skechers, Levi Strauss Signature, Disney, Nickelodeon, and Warner Bros.
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, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, 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 and regional conflicts, 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, 2004 and on Form 6-K for the quarters ended June 30, 2004, September 30, 2004, and December 31, 2004 and Registration Statement on Form F-3 filed on December 20, 2004 and January 18, 2005. 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