London, UK, October 16, 2007
Infosys Technologies Limited (NASDAQ: INFY) today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in its report “Magic Quadrant for European Offshore Applications Services 2007” (Note 1). According to the research firm’s report, “leaders are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market.”
In the last two years, Infosys’ key strategic priorities have included strengthening its global delivery model across Asia, North America, and Western and Central Europe and advancing its methodologies and processes for application services delivery. Infosys has opened offices in Brno, Czech Republic and Monterrey, Mexico and has a presence in Poland to build language capabilities to service its European customers.
“We believe, the report clearly illustrates our momentum in Europe and is recognition of our ability to compete for and win large-scale global deals,“ said S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Technologies.
The Gartner report states: “During the past year, the European market for offshore application services has grown significantly, outpacing the North American market. Although the U.K. remains the dominant purchaser of globally-delivered application services in Europe, enterprises from a growing number of regions - including the Nordics, Benelux and even Germany and France - are taking advantage of globally-delivered services. In addition, as Western European buyers seek the optimum providers for their organizations’ needs, many “nearshore“ countries are emerging as alternative (or additional) locations for service provision.”
“By delivering quality services, having uncompromised commitment and good risk mitigation capabilities and practices, we have built strong relationships with our clients,“ said B. G. Srinivas, Senior Vice President and Unit Head – EMEA. “We believe this and our achievements in Europe have helped position us in the leader’s quadrant and confirms our success in addressing the evolving expectations of clients.“
In 2007, the company received many awards and acknowledgements from customers representing such global industries as banking, retail, automotive and many others in its role as a trusted transformation partner:
The Gartner Magic Quadrant is copyrighted 2007 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
For further information, please contact: PR_Global@infosys.com