COMMIT is a Netherlands use-inspired fundamental ICT research program based on a public-private partnership paradigm uniting academic research and (non-)profit organizations. Funded by the Government of Netherlands with €50 million and with a total revenue of €110 million, COMMIT is the leading public-private ICT research community focusing on solving grand challenges in information and communication science for tomorrow’s society. Ten universities, five technological institutes, and over sixty small and large businesses participate in sixteen public-private multiparty projects. The results transcend considerably beyond state-of-the-art knowledge transfer in an economic or societal urgent area.
The COMMIT community brings together leading researchers in search engines, parallel computing, databases, interaction in context, embedded systems and knowledge technology. The ambition of COMMIT is the creation of focus and mass for solving societal problems and seizing socio-economic opportunities. COMMIT considers this a two-way alley: Like ICT science drives the solving of societal challenges, societal challenges inspire ICT research as well. COMMIT partners will rise to a higher level in science, and at the same time they will be steered in their selection of problems by their high-tech partners. Simultaneously, high-tech companies will be made more competitive by tapping into a shorter time-to-market of new ideas proven to be robust in this program.
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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, 2013 and on Form 6-K for the quarter ended September 30, 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. 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.