Focus on High-end Engineering and R&D services
New Delhi, India - May 11, 2010
Alstom, a world leader in energy and rail transport infrastructure and Infosys Technologies Limited (NASDAQ: INFY), today announced the expansion of their strategic partnership in areas of global Research and Development (R&D), Engineering and Engineering IT services. This partnership envisages substantial strategic investments over the next five years to develop next generation solutions for the power sector.
Infosys will provide support to Alstom Power's global business units in core business areas including Product Development, Simulation, Product Lifecycle Management (PLM), and Engineering IT. Infosys will also support Alstom in building knowledge management processes for its design and engineering teams. This collaborative operating model will enable Alstom to benefit from faster time-to-market for new products, customization and adaptation of existing products for emerging markets, while also sustaining its current offerings.
"We see this long-term technological partnership with Infosys, a leader in Information System Technology, as one of the key drivers to developing the next generation of Alstom's power solutions," said Mr. Philippe Joubert, President, Alstom Power. "Given our experience with Infosys and our confidence in their strong competencies, they are a natural partner of choice. This endeavor also underlines our commitment to invest in Asia, particularly in India."
This engagement builds upon the existing relationship between Alstom and Infosys, which began in 2005 with the establishment of the Alstom R&D Center at the Infosys campus in Mysore and now extends to all of Alstom Power's business units. Most recently, an additional Alstom R&D center has been established at the Infosys campus in Pune.
"Infosys has invested in engineering and technology specific centers-of-excellence to support Alstom Power globally," said Mr. BG Srinivas, Member of Infosys' Executive Council. "As Alstom Power strengthens its focus on emerging markets, we have been able to combine our deep understanding of their business and engineering processes with our extensive knowledge of these markets to function as an innovation hub for Alstom."
Alstom is a global leader in the world of power generation and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, and provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind. Alstom brings international expertise and extensive knowledge of local markets as a fully integrated provider of clean, efficient and technologically advanced power system solutions in all key energy markets. The Group employs around 76 500 people in 70 countries. For more information, visit www.alstom.com
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 113,000 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 concerning our future growth prospects are forward-looking statements within the meaning of U.S. 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, 2010, 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