Toronto, Canada, August 1, 2007
Infosys Technologies Limited (NASDAQ: INFY), a world leader in consulting and information technology services, today announced a multi-year agreement with Canadian Pacific (CP) to provide Modular Global Sourcing services to its information technology organization, Business and Information Technology Services (BITS). Infosys will help CP improve its IT delivery capabilities through BITS' strategic "Bestshoring" initiative.
Canadian Pacific, headquartered in Calgary, Alberta, and its subsidiaries operate a 13,500-mile transcontinental railway that spans Canada, and the Northeast and Midwest regions of the United States. CP also provides logistics, supply chain expertise, and rail and intermodal transportation services.
"After evaluating several options, we selected Infosys because its flexible, scalable solutions and expertise delivering IT services globally best fit our current and future IT needs," said Kathryn McQuade, Executive VP and COO, Canadian Pacific. "In the world of closely-tracked, highly-accurate railway transportation, there is no room for error. We are confident that Infosys will provide the technology that continues to meet the guidelines of this industry, while also supporting our business strategy and vision for growth."
The five-year agreement will focus largely on the application development, management and maintenance of CP’s railway operations. BITS will be utilizing Infosys’ CMM Level 5 capabilities, which will deliver differentiated IT sourcing solutions that meet the specific accuracy requirements for CP’s control hub’s mission-critical applications and train control operations.
"By closely examining CP's IT application landscape, Infosys was able to make key recommendations about how to implement its Bestshoring strategy," said Paddy Rao, Head of Canada Integrated Business Unit at Infosys. "We look forward to working with BITS to develop an IT support structure that delivers the solutions and services that meet the ever-demanding requirements of railway transportation."
Today's agreement between CP and Infosys marks a key milestone in making CP's Bestshore strategy, a highly visible IT project in Canada's transportation industry, come to fruition. Through Infosys' Modular Global Sourcing approach, CP will have at its disposal a wide-range of IT solutions with flexible terms, scalable operations, and integrated multi-vendor relationships.
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 75,000 employees in over 44 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.
For further information, please contact: PR_Global@infosys.com