President of Mexico and Governor of the State of Nuevo León Participate in Opening Ceremonies Highlighting Infosys' Near-Shore Capabilities in Latin America
Monterrey, Mexico, Feb. 20, 2008
Infosys Technologies Limited (NASDAQ: INFY) today unveiled the company's first Latin American subsidiary by hosting an inaugural ceremony in Monterrey, Mexico attended by top dignitaries of the Mexican government and Infosys executives.
The inauguration, attended by the President of the Mexican United States, H. E. Felipe de Jesús Calderón Hinojosa, Chairman of the Board and Chief Mentor, Infosys Technologies Limited, Mr. N. R. Narayana Murthy and the Governor of the State of Nuevo León, Mr. José Natividad González Parás, is aimed at enhancing services to existing Infosys' clients in the U.S., Latin America and Europe.
"The combination of human and intellectual capital, nurturing business community and entrepreneurial spirit found in Monterrey positions the state for amazing IT service growth," said Governor of the State of Nuevo Leon José Natividad González Parás.
The subsidiary, Infosys Technologies S. De R.L. De CV, provides the company's full range of business consulting and information technology services for clients in all industries including banking, financial services, distribution, retail, and more. The center provides key offerings in business process outsourcing (BPO), infrastructure management and packaged solutions implementation.
"Mexico has embraced Infosys and worked with us to establish this innovative development center," said Mr. Murthy, Infosys Technologies. "Our public-private partnership is already serving a half-dozen global clients in multiple industries and 87 new employees, both new college graduates as well as senior professionals, have joined Infosys so far -- remarkable achievements in the first six months since opening the center."
The Monterrey facility provides Infosys with dedicated resources to service clients in North America, Latin America and Europe with bilingual talent in an agreeable time zone and close proximity. Furthermore, it strengthens the company's global delivery model capabilities and joins other Infosys development centers in the Czech Republic, Poland, Thailand, Philippines, China, Australia, Canada and India.
After examining several countries in the region, Infosys chose to establish a presence in Mexico due to the broad language skills available in the region, its cultural similarities to Canada, the U.S. and Europe. Latin America is a strong emerging market and one where many of Infosys' clients have operations already.
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 88,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.
Certain statements made in connection with this release, including statements relating to Infosys Technologies S. De RL De CV 's plans to employ more than 250 professionals in the first year of operations and nearly 1,000 employees by the third year of operations in the Monterrey facility, are 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, our Quarterly Reports on Form 6-K for the quarters ended June 30 2007, September 30 2007 and December 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