Infosys To Partner With National ICT Australia (NICTA) In Joint Innovation

Australia's premier ICT research organization NICTA and global business consulting and technology services firm, Infosys, have signed a joint research collaboration agreement to tackle the hard technology problems facing businesses today.

Potential outcomes of the collaboration could see aging technology systems readily modernized for the cloud. Logistics departments could find faster, greener transport routes. 'Agile' techniques previously used for software development could be adapted to accelerate the definition and solution of business challenges.

"Innovation across borders is essential to accelerate the pace of world prosperity," said Mr. N.R. Narayana Murthy, Founder and Chairman Emeritus of Infosys, at an announcement ceremony today at NICTA's 8th Techfest technology showcase, held at Parliament House in Canberra.

Mr. Murthy is attending Techfest as part of his role as a member of NICTA's International Business Advisory Group (IBAG) since 2005. "Having watched NICTA grow from start-up to one of the world's leading research organizations, I expect this to be a formidable partnership," Murthy said.

The program is intended to include joint research, PhD student internship and professional exchange programs, as well as commercialization of relevant intellectual property over the next five years.

"This partnership is a great vote of confidence in NICTA's research capabilities and ensures it will stay at the cutting edge of technology development in the years ahead. It also demonstrates Australia's strength as a leading digital economy," said Stephen Conroy, Minister for Broadband, Communications and the Digital Economy.

"NICTA is proud to work with a world-renowned business and technology services company like Infosys, and this is proof that NICTA has emerged as a powerhouse in ICT research, " said NICTA CEO Dr Hugh Durrant-Whyte. "This collaboration will provide Infosys with access to NICTA's world-class researchers, and provide NICTA with access to real world technology problems and a path to impact."

"Co-creation is part of our DNA at Infosys, so we are always on the lookout for the best collaboration partners around the world,' said Mr. Subu Goparaju, Senior Vice President, Infosys Labs and Products R&D. "'With NICTA we have found a number of synergies—including shared research focus areas within the Digital Economy, complementary strengths and IP, and excellent partnerships with Australian universities."

Early collaboration is expected to focus on engineering challenges such as:

• "Platformizing" software applications
• Improving methodologies used to define business problems
• Cloud resiliency and privacy preserving techniques
• Optimization in infrastructure and disaster management, logistics and smart grids to take advantage of Big Data and other emerging technologies.

Platformization research includes the development of new techniques to harvest software architectures, functions and processes from existing large code bases to speed up the development of new systems, especially for cloud based platforms.

Julia Gillard, Prime Minister of Australia speaks at the Opening of NICTA Techfest

About NICTA

NICTA (National ICT Australia Ltd) is Australia's Information and Communications Technology Research Centre of Excellence. NICTA develops technologies that generate economic, social and environmental benefits for Australia. NICTA collaborates with industry on joint projects, creates new companies, and provides new talent to the ICT sector through a NICTA-enhanced PhD program. With five laboratories around Australia and over 700 people, NICTA is the largest organisation in Australia dedicated to ICT research.

NICTA is funded by the Australian Government through the Department of Broadband, Communications and the Digital Economy and the Australian Research Council through the ICT Centre of Excellence Program. NICTA is also funded and supported by the Australian Capital Territory, the New South Wales, Queensland and Victorian Governments, the Australian National University, the University of New South Wales, the University of Melbourne, the University of Queensland, the University of Sydney, Griffith University, Queensland University of Technology and Monash University.

About Infosys

Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th 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 realise their goals.

Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.

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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 quarter ended June 30, 2012, September 30, 2012 and December 31, 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 unless required by law.

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