Partnership combines Gen-i local relationships and capability with global expertise of Infosys
Auckland, New Zealand: 8 June 2011
Infosys and Gen-i today announced a strategic partnership that will create a new choice for Australasian enterprises seeking local expertise and commitment, as well as global best practices and capabilities in IT services including IT consulting, business transformation and cloud-based offerings. The partnership creates a new market proposition for local businesses by helping them to transform for competitive advantage, with new ways to innovate, reduce costs and increase the effectiveness of their people, processes and technology.
As near-shore delivery from New Zealand for Australian clients and global delivery headed by local management are among the joint growth strategies planned, the partnership also has significant potential to further grow New Zealand-based technology jobs.
Infosys has also acquired Gen-i's Software Solutions practice and offered positions to its more than 110 employees and contractors, who will continue to be based in Auckland, Wellington and Christchurch. The employees invited to join Infosys - primarily senior developers, technical architects and consultants - will expand Infosys' New Zealand team to over 150 people, with immediate plans to hire an additional 15-30 people.
The partnership will be undertaken by Infosys Australia & New Zealand, the Australasian arm of global technology services and consulting company, Infosys Technologies (Nasdaq: INFY), and Gen-i, the corporate ICT arm of Telecom New Zealand (TEL.NZ). Infosys has announced that the current Software Solutions management team will lead New Zealand delivery for Infosys, with Patrick Kouwenhoven appointed to run New Zealand operations under the leadership of Ashok Mysore, Associate Vice President, Infosys.
"Since launching our first New Zealand office 18 months ago, we have been studying the market to find the right strategic partner," said Jackie Korhonen, CEO and Managing Director, Infosys Australia & New Zealand. "Our partnership with Gen-i makes sense because we share core values and complement each other's strengths to fill some critical gaps in the marketplace. We will be adding our global R&D, business transformation and industry-specific capabilities to an iconic New Zealand brand."
Chris Quin, CEO of Gen-i Australasia, said that the new partnership creates new value for New Zealand and Australian enterprises by combining Gen-i's local relationships and capability with the global expertise and best practices of Infosys.
"There has been a lot of consolidation in the IT services market recently, leaving an opportunity for a strong local partnership which can deliver world class capabilities in hosted and integrated ICT solutions," Quin said.
"Earlier this year we reviewed our Software Solutions practice and decided on the best approach for accelerating growth and strengthening our capability," said Quin. "Our strategic partnership with Infosys increases the breadth and depth of solutions we can deliver to trans-Tasman clients, and supports our strategy of becoming Australasia's most preferred ICT hosted services and integrated ICT solutions provider."
"We are looking forward to welcoming new talent to the Infosys team," added Korhonen. "The synergies of this partnership will provide new career opportunities for these people and other New Zealanders we will hire to support our growing business."
Gen-i is at the forefront of helping customers take advantage of the convergence of technology and telecommunications, and the new opportunities this makes possible. Gen-i works alongside its 3,300 corporate, government and business customers to deliver seamless and integrated ICT solutions. A member of the Telecom New Zealand Group, Gen-i achieves this with the support of nearly 3,000 highly skilled people in 17 locations across New Zealand and Australia.
Infosys Australia & New Zealand is the Australasian subsidiary of Infosys Technologies Ltd. Many of the world’s most successful organisations rely on the 130,000 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.
Statements in connection with this release, including those concerning our future operational opportunities and growth prospects, may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbour" 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, 2011, 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.
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