Bangalore, January 8, 2007
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, and HVS International, a leading New York based consultancy offering valuation and other services to the hotel, restaurant, shared ownership, gaming, and leisure industries, have announced a strategic alliance to offer outsourcing solutions in the hospitality industry.
The Infosys BPO-HVS global alliance will leverage HVS consulting expertise and market reach in the hospitality industry and the process outsourcing capabilities of Infosys BPO to develop and execute domain-specific, predictable, and process-centric solutions to improve productivity and optimize costs for companies in the global hospitality industry.
"The alliance with HVS augments Infosys BPO's capabilities in the hospitality industry by enhancing our insights into the industry and enabling us to reach a wider audience," says Amitabh Chaudhry, CEO and Managing Director, Infosys BPO. "Infosys BPO has a strong portfolio of horizontal process outsourcing capabilities and these are customized for specific industry verticals to provide domain specific and company specific solutions. With this alliance, we have a compelling value proposition for the hospitality industry."
Infosys BPO provides finance and accounting, order management, procurement, HR, research and analytics, and customer support services to the banking and capital markets, hi tech and discrete manufacturing, communications services provider, insurance and healthcare, aerospace and automotive, retail, energy and utilities, consumer packaged goods, travel and transportation, media and services industries.
Steve Rushmore, President and founder of HVS International, says: "We are well aware of how critical a role integration and cost efficiency plays in the hospitality industry today. The strategic alliance between the largest hospitality consulting firm in the world and one of the leading technology and business process outsourcing giants promises to offer unparalleled solutions to the hospitality industry."
HVS International is a global consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, HVS performs more than 1,500 assignments per year for virtually every major industry participant. HVS International is client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost efficient manner.
Infosys BPO Ltd. (www.infosys.com/bpo), the business process outsourcing subsidiary of Infosys Technologies, was set up in 2002. Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of Outsourcing Professionals, Red Herring, and others. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, the Czech Republic, China, and Philippines (through a partner), and employs about 10,000 people. It closed FY 2005-06 with revenues of $85.5 million (Rs. 379 crore)
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 66,000 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 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