Infosys first IT Consulting and Services company worldwide to receive this distinction
Bangalore, India - November 28, 2007
Infosys Technologies Ltd. (NASDAQ: INFY) has entered the Balanced Scorecard Hall of Fame for Executing Strategy for achieving breakthrough performance results using the Balanced Scorecard (BSC). The award has been instituted by the Palladium Group, Inc., a leading global professional services firm that enables companies to better measure and manages performance using the Balanced Scorecard approach. Past winners of this award include UPS, Best Buy, Siemens, Motorola and AT&T Canada.
Commenting on this recognition, Sanjay Purohit, VP & Head - Corporate Planning & Business Assurance, Infosys, said, "Infosys has found entry into the BSC Hall of Fame on account of its innovative strategy planning and execution capabilities. We invest in a portfolio of organization-wide planning and execution processes and systems, which involves participation from a cross-section of our employees, including our under-30 budding young leaders. We believe our strategy roadmap and the BSC are key instruments that will help Infosys become a transformation partner to all our clients."
Infosys was lauded for its focus and success in driving the execution of key strategies resulting in growth and differentiation. The award was based on five key principles: (1) Mobilizing change through executive leadership; (2) Translating strategy into operational terms; (3) Aligning the organization around its strategy; (4) Motivating to make strategy everyone's job, and (5) Governing to make strategy a continual process.
Commenting on why Infosys was chosen for this recognition, Robert L. Howie, Jr., President- Balanced Scorecard Collaborative said, "Companies in the Asia Pacific, particularly India, are creating new benchmarks in becoming strategy-focused organizations. Infosys is a particular example of a company that has adopted the BSC for over six years and, on the strength of its strategy-focused approach, emerged as one of the leading names in the global IT industry."
Infosys (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. 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 80,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.
Palladium Group, Inc., helps the world's leading organizations measure and manage tomorrow's performance today by providing services and expertise in strategy, finance, and IT management. Through education, conferences, assessments, advisory services, consulting and technology solutions, Palladium helps clients successfully execute their strategies. Balanced Scorecard Collaborative, Palladium's education and certification division manages the BSC Hall of Fame for Executing Strategy program. Palladium has over 400 professionals in 16 offices worldwide and an additional 13 affiliate offices throughout Europe, Latin America, Africa and Asia-Pacific. Palladium currently has over 700 clients worldwide.
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.
For further information, please contact: PR_Global@infosys.com