Agreement extends Infosys footprint in global certification and accreditation sector
London, November 6, 2012
Infosys, a global leader in consulting and technology, has been selected by Lloyd's Register Group, a global independent risk and safety assurance organization, as its information systems transformation partner. Infosys will build and deploy consistent technology platforms across Lloyd's Register's 238 offices in 168 countries.
After completing a rapid growth phase, Lloyd's Register Group now embarks on a program to make its technology platforms more responsive to its operations. This transformation aims to deliver an improved experience to customers around the world as well as other targeted initiatives and business benefits during the next five years.
Program highlights include:
Atul Hindocha, Chief Information Officer at Lloyd's Register Group, said: "Infosys has a track record in our sector that helped them understand our business. They knew how to migrate our existing systems to an environment that is more efficient to manage – and more effective for our business. The pace of change in our industry means we need a partner that can be agile and flexible over a number of projects in the coming years."
Mukul Gupta, Regional Head of Energy, Utilities and Services at Infosys in Europe said: "Lloyd's Register Group faced a diverse range of technologies and a multi-supplier landscape. We will bring our substantial Oracle experience and consulting practice to ensure the consolidation to an Oracle platform strategy drives an improved customer experience around the globe."
The transformation program with Lloyd's Register Group deepens the experience Infosys has in supporting global certification and accreditation firms. The company now works with four of the world's leading certification bodies, combining industry knowledge with technology expertise.
Lloyd's Register Group is a maritime classification society and independent risk management organization founded in 1760, comprising of charities and non-charitable companies headquartered in United Kingdom. It is one of the world's leading ship classification organisations and a trusted name in the marine shipping business. It collects and maintains information on the quality and reliability of ships used in commercial transportation and it provides consulting and risk management services to ship operators. It provides independent validation and assurance to companies operating high-risk, capital-intensive assets in the energy, and transportation (Rail) sectors, to enhance the safety of life, property and the environment.
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19 among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.
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, 2012 and on Form 6-K for the quarters ended December 31, 2011, June 30, 2012 and September 30, 2012.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.
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