Signs MoU to develop training programs for employees and management students
Bangalore, September 13, 2011
Infosys Limited, a world leader in consulting and technology services, today announced the signing of a Memorandum of Understanding (MoU) with Singapore Management University (SMU). The MoU was signed by Professor Steven Miller, Dean, SMU School of Information Systems, and Mr. Srikantan Moorthy, Senior Vice President & Group Head, Education & Research, Infosys Limited.
Under this agreement, Infosys Education & Research and SMU's School of Information Systems will work together to develop training program content for Infosys employees as well as case studies and learning labs for SMU's Bachelor of Science (IS Management) and Master of IT in Business degree programs. In addition to co-creating training content and curriculum material, the MoU provides for Infosys and Singapore Management University to jointly conduct seminars and tutorials in person or through conferencing, to facilitate faculty and professional staff visits to their counterparts' offices, campuses and locations, and for collaboration on research and pedagogy projects of mutual interest to Infosys and SMU.
Mr. Srikantan Moorthy, Senior Vice President and Group Head, Education & Research, Infosys Limited said, "We are excited about this partnership as this opens up new areas of cooperation between academia and the IT industry to enhance the reach of quality education. Infosys has always aimed to provide world class training, education and research facilities to all its employees and this collaboration is a step in strengthening our efforts in this direction."
"The SMU School of Information Systems and Infosys have completed a series of joint projects over the past five years that have produced innovative content for our respective education and training programs" noted Dean Miller. "This MoU builds on this solid foundation, and takes our relationship to the next level. With this new agreement, we will continue to demonstrate better ways of training working professionals and students about applying IT in business settings, and about the management aspects of using IT to create business value," he explained.
The MoU signed between both the parties shall be effective for a period of three years.
Many of the world's most successful organizations rely on the 133,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
A premier university in Asia centred around "The World of Business and Management", the Singapore Management University (SMU) is internationally recognised for its world class research and innovative, interactive approach to teaching. SMU's mission is to generate leading edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy. Home to nearly 7,500 undergraduate and postgraduate students, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law, and School of Social Sciences. These schools offer a wide range of bachelor's, master's and PhD degree programmes.
The SMU School of Information Systems (SIS) focuses on research and education related to the technology as well as management aspects of Information Systems. The School possesses deep technology-based R&D capability in four strategically selected areas of IT systems and applications: data management & analytics, intelligent systems & decision analytics, software systems, and information security & trust. The fifth strategic area of the school is Information Systems & Management, which investigates a range of issues related to the managerial and business impacts of IT within firms, and across collaboration networks, value chains, markets and industries. http://www.sis.smu.edu.sg
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarters ended September 30, 2010 and December 31, 2010 and June 30, 2011.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.
For further information, please contact: PR_Global@infosys.com