Infosys BPO today announced that it has extended its partnership with AkzoNobel, a leading global paint and coatings company as well as a major producer of specialty chemicals. Infosys BPO was originally selected by AkzoNobel to accelerate the company’s finance transformation program and streamline operations for its Decorative Paints business in over 30 countries across Europe, the Middle East and Africa. As part of the deal extension now, the transformation program has been extended across AkzoNobel’s Performance Coating business in Europe and North America as well.
- The deal extension involves standardization and outsourcing of the transactional accounting organization for the Performance Coating business of AkzoNobel
- Infosys BPO will deliver the finance and accounting services out of its global delivery centers in Poland and India, in English, Spanish and several other European languages
- Infosys BPO will partner with AkzoNobel to set up a finance services organization by consolidating work from seven business groups across 55 locations
- This further validates Infosys BPO’s sharp focus on process innovation and its commitment to help accelerate clients’ adoption of best practices, across domains
Hans De Vriese, Corporate Director Control, AkzoNobel:
“The rapidly changing business environment demands high levels of efficiency, core transformational capabilities and a genuine spirit of partnership with the service provider. Identifying these needs, we have extended our partnership with Infosys BPO. With this partnership, we look forward to continuing to experience improvements in efficiency, consolidation of processes, and process support to business as a service.”
Anup Uppadhayay, Chief Executive Officer and Managing Director, Infosys BPO:
“The extension of this highly valued partnership further emphasizes our ability to provide end-to-end transformational services, while strengthening our leadership in the global finance and accounting market. Our robust industry knowledge and domain expertise, backed by world-class tools and technologies, enable us to consistently exceed client expectations, accelerate growth and deliver enhanced business value to our clients. We also continue to invest heavily in the advanced application of Automation and Artificial Intelligence, in our journey towards establishing the BPO of the future.”
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AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast-changing world.
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.
www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
About Infosys BPO
Infosys BPO Ltd. ( www.infosysbpo.com ), the business process outsourcing subsidiary of Infosys Ltd., was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, Ireland, South Africa, Brazil, Mexico, Costa Rica, the United States, Puerto Rico, China, the Philippines, Singapore, and Australia, and as of December 31, 2014, employed 30, 971 people.
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, 2014 and our Forms 6- K for the quarters ended June 30, 2014 and September 30, 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.