Infosys Chosen for its Global Presence and Business Transformation Expertise
Bangalore, India - Feb 27, 2008
Infosys Technologies Limited (NASDAQ: INFY) today announced that Cummins Inc., which designs, manufactures and sells diesel engines and related technologies, has named Infosys as one of three Global Preferred Vendors (GPVs) for IT application outsourcing and business consulting services. This new partnership will bolster Cummins' operations to better handle the growing global demand for power technologies and components.
"We're a Fortune 500 company that embraces technology as a strategic platform to business growth," said Gail Farnsley, CIO, Cummins. "Our ambitious plans to grow and gain market share through effective use of technology is enabled by our IT partners. We selected Infosys because it ranked as the top partner candidate capable of meeting and exceeding our transformational performance expectations."
Cummins, which serves customers in more than 160 countries, launched an effort in January 2007 to identify its GPVs who would help the company transform its IT application outsourcing to support growth in core technical capabilities and global reach. Infosys was the only new company selected during this rigorous process. Together, the Cummins and Infosys team will deploy IT solutions that will help Cummins grow to more than $20 billion in revenue over the next several years.
"We conducted a thorough Six Sigma initiative designed to align our IT partners with our business requirements. We evaluated 13 companies and Infosys was selected as one of our GPVs due to its credentials, experience, global presence, and ability to take us to the next level," said Chris Edwards, director of Cummins Supplier Relationship Management.
"Cummins has become an industry leader through its pursuit of quality and unwavering client relationships standards," said B.G. Srinivas, Senior Vice President and Head of Manufacturing, Infosys Technologies. "Cummins applies that rigor to selecting partners and its selection of Infosys is the latest proof point to our success in deepening our expertise and broadening our footprint in the manufacturing industry. Progressive companies like Cummins continue to select Infosys as the preferred transformational partner because of that track record."
Infosys (NASDAQ: INFY -NEWS ) 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 88,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.Infosys Manufacturing provides industry solutions and services (consulting, engineering, IT, business process outsourcing) to Global 2000 companies in high-tech/electronics, discrete, automotive, aerospace, and process industries. For more information, visit Infosys Manufacturing.
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