Three Year Contract with Infosys Will Give Triumph Competitive Edge with World Class Engineering Resources, Enhanced Flexibility
Fremont, CA and Wayne, PA, August 1, 2006
Infosys Technologies Limited (NASDAQ: INFY) today announced that Triumph Group, Inc., a global supplier of aerospace systems, components and services, has signed a three year Center of Excellence (CoE) agreement with Infosys. By partnering with Infosys on this CoE, Triumph will be able to leverage Infosys' world-class aerospace engineering services, enabling Triumph to respond quickly to market shifts and more effectively manage its engineering resources.
This announcement marks the culmination of a relationship that began in January 2005 between Infosys and one of Triumph's subsidiaries, Triumph Composites. Based on that initial success with Infosys, Triumph Composites' parent company, Triumph Group, decided to sign a broader, three-year CoE agreement with Infosys.
"We are pleased to partner with Infosys in establishing a Center of Excellence," said Richard C. Ill, Triumph's President and Chief Executive Officer. "We view this relationship as a unique opportunity to access supplemental engineering expertise that will support our future growth."
Infosys' CoEs act as virtual extensions of a company's engineering team-providing concept design, detailing and analysis services. In an era where global engineering talent is in extremely short supply, the CoE model is an increasingly attractive option for companies. By partnering with Infosys on a CoE, Triumph will be gaining access to high-caliber aerospace engineering expertise. This partnership will give Triumph greater flexibility and scalability, enabling it to expand its breadth and depth of customer engagements.
"Today's announcement with Triumph Group is significant because it is testament to Infosys' strong market presence in aerospace engineering. Similarly, this is the fourth CoE agreement Infosys has signed this year, proving that aerospace and automotive companies worldwide are recognizing the value of the global delivery model," said Franco Gonsalves, Vice President, Automotive and Aerospace Unit, Infosys Technologies Limited. "We've got many exciting projects in the pipeline for the Triumph/Infosys CoE and we look forward to helping Triumph transform the way they approach engineering and design."
With top-notch aerospace talent increasingly hard to source, many companies are finding it difficult to scale their global engineering teams. Infosys' Aerospace Practice is an option for companies who need to work with high-caliber aerospace engineering talent. Infosys' aerospace expertise spans across aircraft structures - wings, fuselage, empennage, pylons and engines; and Infosys engineers have helped companies through every phase of the product development process, from concept design to stress calculations to manufacturing support including advanced composite materials.
To learn more about Infosys' Aerospace Offerings, please visit: http://www.infosys.com/industries/aerospace-defense/industry-offerings/
Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves a broad, worldwide spectrum of the aviation industry, including commercial and regional airlines, air cargo carriers, as well as original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions. These provide our clients with strategic differentiation and operational superiority, thereby increasing their competitiveness. Each solution we provide is delivered with the industry-benchmark "Infosys Predictability" that gives our clients peace of mind. With Infosys, they are assured of a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 58,000 employees in over 35 offices worldwide. For more information visit www.infosys.com.
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2006, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake and disclaim any obligation to update them.
For further information, please contact: PR_Global@infosys.com