Bangalore, February 18, 2015
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced a multi-year, multimillion-dollar partnership with ABN AMRO, a leading retail and commercial bank, to provide IT services for the bank’s operations. As part of this, Infosys, as one of the strategic partners of ABN AMRO, will deliver services across application development and maintenance, testing and product implementation.
Infosys, along with other strategic partners of ABN AMRO, will help the bank rationalize its IT landscape to meet its goal of becoming a leading digital bank, This will include improvements to service quality and customer experience, greater operational efficiency, employee satisfaction and agility. In this organization-wide transformation initiative, Infosys will leverage key trends in the banking industry, including industrialization and digitalization, to help ABN AMRO build innovative products and improve profitability.
Frans van der Horst, Senior Managing Director, Group Chief Information Officer, ABN AMRO:
“Our customers today are changing rapidly − they are always connected. We have to keep pace with the evolving customer needs and be at the centre of their digital lives by delivering superior, personalized and fast services anytime and anywhere. Redesigning our entire IT infrastructure efficiently and flawlessly is an intrinsic part of this journey. Infosys has been one of our partners for over a decade and brings deep understanding of our business to be a partner of our choice in driving this change.”
Mohit Joshi, Executive Vice President and Global Head, Financial Services, Infosys:
“Trends in industrialization and digitalization are helping the global banking industry to become more customer centric. Banks are increasingly looking at technology enablers that will help them offer innovative products and efficient services to their customers. Our knowledge of the financial services industry, combined with our long standing relationship with ABN AMRO, has helped us emerge as one of the strategic partners in the bank’s transformative journey to achieve new competitive advantages.”
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 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.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 B in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
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 quarters ended June 30, 2014, September 30, 2014 and December 31, 2014. 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