Bangalore – July 21, 2015
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced a definitive agreement for an investment in ANSR Consulting to acquire a minority stake. ANSR Consulting is a leading Global In-house Center (GIC) strategy consulting and implementation firm, which helps global enterprises establish strategic service delivery and innovation capabilities.
Earlier this year, Infosys announced the creation of a US$500 million Innovation Fund earmarked for investments in disruptive new business models and technologies. This investment from the fund widens Infosys’ reach in the fast-growing GIC market.
Global companies are setting up GICs to harness new technologies such as social, mobile, analytics and cloud. India has emerged as a unique destination for GICs due to wide access to technical and business talent at a reasonable cost, and the growing ecosystem of successful GICs.
ANSR Consulting, which has helped establish several GICs within India, creates joint ventures with companies such as those in the Fortune 500. ANSR Consulting helps the joint venture provide strategic, technology-driven solutions that drive competitive advantage and incremental revenue for the companies involved.
Commenting on the investment, Ritika Suri, Senior Vice President and Global Head of Corporate Development at Infosys said, "We are very excited to partner and invest in ANSR Consulting. This investment reflects our commitment to new, innovative business models. In particular, models that are significant to the growth that India is experiencing in delivering unprecedented value to clients across the world, by matching the demand for next-generation scalable solutions, with India’s supply of technology and business expertise."
Lalit Ahuja, Founder and CEO, ANSR Consulting said, "We are excited about this investment from the Infosys Innovation Fund. This investment, combined with Infosys’ breadth of next-generation technology services, will enable us to bring more GICs into India and help global companies advance their transformation and innovation agenda, and deliver ground-breaking solutions."
The investment is expected to close before August 31, 2015, subject to customary closing conditions.
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$ 8.7 billion in annual revenues and 176,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
Certain statements in this press 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, 2015 and our Forms 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. 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.
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