Infosys And The Office Of The Chief Scientist Of Israel Sign MoU To Drive Industrial Research And Development

Aimed at Enhancing an Innovation Ecosystem to Address Industry Challenges Faced by Clients

Bangalore, India - June 14, 2012

Infosys, a global leader in consulting and technology services, today announced that it has signed a Memorandum of Understanding (MoU) with The State of Israel, to establish and enhance cooperation in industrial research and development. This MoU is a part of the ‘Global Enterprise Collaboration Program' developed by the Office of the Chief Scientist of Israel to accelerate innovation through a global ecosystem.

The MoU creates a framework for industrial cooperation between Infosys and Israeli corporations in the emerging technology areas of cloud, information security, sensors, analytics, and sustainability. With a strong global client base across industry segments and proven expertise in driving innovation-led growth for businesses, Infosys will bring valuable insights in defining pertinent challenges and solutions across various industries.

Infosys Labs, the research and innovation arm of Infosys, drives research across the 'Building Tomorrow's Enterprise' mega trends that have the potential to transform client business. Committed to the principle of 'Innovation Co-creation', Infosys Labs strengthens its existing innovation ecosystem of clients, partners and industry consortia through this MoU.

Speaking on the occasion, Subu Goparaju, Senior Vice President and Head of Infosys Labs said, "This collaboration aligns with our vision to bring together different innovation networks from around the world and make them relevant to our clients. At Infosys, we are looking at leveraging the innovation ecosystem in Israel, as part of evaluating early stage technologies that are relevant for clients to build tomorrow's enterprises."

Following the signing of the agreement, Shalom Simhon, the Minister of Industry, Trade and Labor, Government of Israel said, "Our ministry provides the Israeli exporter an array of government-backed tools designated to assist in offering Indian counterparts the best that Israel has to offer in the technology sector. The agreement signed today with Infosys is a prime example of another such tool. The immense potential of the Indian market has not gone unnoticed by Israeli companies and industrialists, and the Ministry of Industry, Trade and Labor works tirelessly in order to realize the trade potential between the two countries for the benefit of both nations."

Avi Hasson, the Chief Scientist of the Ministry of Industry, Trade and Labor said, "We have signed a number of such agreements with many international corporations during the last five years, and the dozens of R&D projects that have evolved from those agreements, testify as to the great interest that foreign corporations express in cooperating with Israeli counterparts right from the R&D phase. The agreements, such as the one that was signed with Infosys, prompt such cooperation and facilitate the convergence of the advantages of both sides into mutually beneficial projects."

About Infosys

Many of the world's most successful organizations rely on the 150,000 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.

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