Fremont, Calif., June 12, 2007
Infosys Technologies Limited (NASDAQ: INFY), a world leader in consulting and information technology services, today announced that it was named DaimlerChrysler's "IPS Supplier of the Year 2006" (International Procurement Services) in the category of Information Technology. Infosys Technologies was one of three non-production material/services suppliers from North America that were presented awards for outstanding performance last year.
The award was presented during a ceremony this spring and marks a high point in the five-year relationship between DaimlerChrysler and Infosys.
Infosys began working closely with DaimlerChrysler in 2002 to implement strategic initiatives to increase efficiencies and optimize business processes company-wide. Chosen among DaimlerChrysler's thousands of technology and non-technology suppliers, Infosys' Automotive Group took home this award by consistently delivering on the four value drivers by which DaimlerChrysler measures its supply base: quality, cost, technology and supply.
"The automotive industry becomes increasingly competitive every year. In order to stay ahead of the curve, we need to partner with suppliers who can make us leaner, more efficient and more profitable," said Sue Unger, CIO, DaimlerChrysler AG. "Infosys is a trusted and reliable partner that we rely on to deliver innovative and cost-effective solutions that make us more competitive on a global scale."
Infosys is currently engaged in many strategic initiatives across DaimlerChrysler globally. The engagement team includes employees located in the United States, Europe and Asia, delivering services around business consulting and enterprise software implementations.
Specifically, Infosys received this award for providing services in the following areas:
"DaimlerChrysler is leveraging progressive business solutions and operations to gain a competitive edge in the global market," said Franco Gonsalves, vice president, global business unit head, Automotive & Aerospace, Infosys Technologies, Ltd. "We have a unique opportunity as a partner to simplify or accelerate that process. Being named Supplier of the Year is particularly rewarding, as we have been focused around delivering business results that help the company continue with its transformation."
For more information about Infosys' Automotive Group, please visit: http://www.infosys.com/industries/automotive.html
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 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.
For further information, please contact: PR_Global@infosys.com