76 students placed in leading IT companies through pilot initiative
Bangalore, India, June 23, 2007
Bangalore, India, June 23, 2007: Infosys Technologies Limited (NASDAQ: INFY) today announced that its 'Special Training Program', (STP) conducted in partnership with the International Institute of Information Technology Bangalore (IIIT- B) has been a success. The pilot initiative was aimed at enhancing the employability of students from socially disadvantaged communities to enable them to compete on an equal footing.
The 7-month program was conducted from October 9, 2006 to April 30, 2007. With the assistance of the Department of Social Welfare, Government of Karnataka, 90 students were selected. From this batch, 76 students have already been placed with leading IT companies like IBM, EDS, HP, Mindtree, Wipro and Infosys.
Commenting on the success of the initiative, Prof. S. Sadagopan, Director IIIT - B, said, "This program showcases the benefits of affirmative action. These students were sound academically but lacked the technological exposure and skills to help them find jobs in good companies. We have trained them on certain technologies and skills that would make them more industry-ready."
Corporate sponsors of this initiative such as Infosys, HP and Canara Bank also participated in the recruitment drive held at the end of the program. Commenting on the quality of students graduating from this program, Mr. T.V. Mohandas Pai, Member of the Board and Director-Human Resources, said, "This initiative enables students from socially disadvantaged communities to participate in the growth of the IT industry. These students were graded using the same stringent norms used by Infosys internally for assessing the performance of our trainees. The average performance of the STP batch is comparable to a typical batch at Infosys."
This initiative and its learning have been documented in the form of a 'knowledge book', which will allow the model to be replicated in other cities.
Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. Infosys creates these solutions for its clients by leveraging its domain and business expertise along with a complete range of services. With Infosys, clients are assured of a transparent business partner, 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 72,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index. 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 2007 and our other recent filings, 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.
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