Interconnected, intelligent solutions to help firms listen, respond, and predict better
Bangalore/Manila – July 3, 2014
Infosys and SMART Enterprise (the enterprise business group of SMART Communications, Inc., the leading wireless provider in the Philippines) announced the signing of a Memorandum of Understanding (MoU) to develop new industry solutions in the areas of Machine to Machine (M2M) Communication and Internet of Everything.
These solutions are aimed at enabling organizations to listen, respond and make predictions based on machine-generated data. Infosys and SMART Enterprise will leverage their proven expertise in technology and intelligent communication to design industry solutions across arenas such as connected healthcare, retail, home security and connected cars.
Dheeshjith V.G., Senior Vice President, Unit Head – Growth Markets, Infosys
“To sustain growth in today’s digital economy, forward looking enterprises are seeking new ways to deliver a more positive and differentiated customer experience while reducing cost and simplifying technology. The teaming up of two innovative companies, Infosys and SMART Enterprise, will help businesses better understand their customers and market conditions, which are dynamically changing in our ‘connected’ world. Open collaboration with the ecosystem will allow our clients to test new concepts for intelligent systems while simultaneously reducing risk.”
Jovy I Hernandez, First Vice President & Head, PLDT ALPHA Enterprise and SMART Enterprise, Sales & Marketing
“We share a vision that the ‘Internet of Everything’ will help enterprises rely on their remote assets and connected devices to transform their business. The Centre of Excellence is expected to accelerate solutions development, streamline product delivery and give rise to new business models that help enterprises run more effectively and stay competitive. We believe that the SMART-Infosys relationship backed by the Center will allow us and our clients to have more efficient operations and generate new revenue streams.”
Smart Communications, Inc. (Smart) is the Philippines' leading wireless services provider with 55.4 million subscribers on its GSM network as of end-March 2014. Smart has built a reputation for innovation, having introduced world-first wireless offerings such as Smart Money, Smart Load, Smart Padala, and the Netphone. Smart offers 3G, HSPA+, and LTE services, while its satellite service Smart Link provides communications to the global maritime industry. Smart Broadband, Inc., a wholly-owned subsidiary, offers a wireless broadband service, Smart Broadband, with 2 million subscribers as of end-March 2014.
Smart is a wholly owned subsidiary of the Philippines' leading telecommunications carrier, the Philippine Long Distance Telephone Company. For more information, visit http://www.smart.com.ph
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Infosys Engineering Services provides consulting, implementation and system integration services spanning electronics, mechanical, communications and software products, addressing multiple industry segments, including offerings in M2M and the Internet of Everything.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2014 and on Form 6-K for the quarter ended December 31, 2013. 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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 it is required by law.
For further information, please contact: PR_Global@infosys.com