Bangalore, India - September 23, 2010
Infosys Technologies Limited (NASDAQ: INFY) today announced that it has been awarded the 2010 Force of Ideas Award at the Corporate Strategy and Finance Board Summit hosted by the Corporate Executive Board, USA in Washington D.C. This award recognizes management practices that redefine the way companies do business, creating sustainable value for organizations. Infosys has been awarded this honor under the category of 'Strategic Engagement' for its unique strategic planning methods engaging all stakeholders.
On receiving the award, Sanjay Purohit, Vice President and Head - Corporate Planning and Business Assurance, Infosys said, "It is an honor to be selected and recognized as a leader in corporate strategy amongst other leading organizations. At Infosys, our efforts are always directed towards enabling business innovation. Our employees are key stakeholders, and we believe it is important to involve them in the strategic planning process to effectively manage corporate performance."
Infosys has been recognized for creating a culture of ongoing strategic information exchange by involving employees in the strategy development process, which has led to them understanding and contributing to the company's strategic vision.
"During uncertain economic times it takes courage to innovate and drive change," said Scott Bohannon, General Manager, Corporate Executive Board. "Our Force of Ideas winners had the wherewithal to make changes that led to improved corporate performance and set new standards not only for their companies, but for their entire industries. CEB Force of Ideas winners are defining best practices in business management."
The Corporate Executive Board Force of Ideas awards recognize exemplary practices that redefine the way companies do business and that create sustainable value for organizations. Entrants submitted applications for the Force of Ideas award in Spring 2010. Initial scoring was based on the following key areas: best practice alignment with overall organizational goals, applicability across similar functions in other organizations, the extent to which the practice solves the root of the problem, etc. Finalists were judged on the solutions’ long term value, game changing nature, required investment level, and ease of translation or implementation for peers.
The Corporate Executive Board Company drives faster, more effective decision making among the world's leading executives and business professionals. As the premier, network-based knowledge resource, The Corporate Executive Board provides customers with the authoritative and timely guidance needed to excel in their roles, take decisive action and improve company performance. Powered by an executive network that spans over 50 countries and represents approximately 85% of the world's Fortune 500 companies, The Corporate Executive Board offers unique research insights along with an integrated suite of exclusive tools and resources that enable the world's most successful organizations to deliver superior business outcomes.
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. As of June 30, 2010, the Infosys group had approximately 114,800 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 United States Private Securities Litigation Reform Act of 1995.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, 2010, and our other recent filings. 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