Company Recognizes Top Suppliers as "Partners in Progress"
Bangalore, India - July 24, 2008
Infosys Technologies Limited (NASDAQ: INFY) has been named a 2007 Partner in Progress for Sears Holdings Corporation. Infosys received the award for information technology (IT) services.
The prestigious Partners in Progress award is presented annually to a select group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings' more than 30,000 suppliers earn the coveted award each year.
Sears Holdings interim CEO and President Bruce Johnson congratulated the winners stating, "Partners in Progress was started more than 20 years ago and is a testament to the importance of collaborating with our supplier partners to better serve our customers and grow profitably." He added, "The Sears Holdings culture is one that places a high priority on teamwork and a focus on customers. The Partners in Progress program allows our company to recognize those suppliers who have gone above and beyond to support Sears Holdings' and help us to achieve greater efficiency and effectiveness."
"We are honored to receive this recognition for the second consecutive year," said Infosys Technologies CEO Kris Gopalakrishnan. "We will continue to strengthen our longstanding relationship with Sears, providing transformational services that help it reach its business objectives."
The Partners in Progress program recognizes suppliers for product or service quality, innovation, diversity and overall market performance. The winners were selected from nominations submitted by Sears' associates who purchase goods and services for the company in 2007.
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 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ- 100 Index and The Global Dow. 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, 2008, 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