Infosys Technologies Unveils Latin America IT Development Center
President of Mexico and Governor of the State of Nuevo León Participate in Opening Ceremonies Highlighting Infosys' Near-Shore Capabilities in Latin America
Monterrey, Mexico, Feb. 20, 2008: Infosys Technologies Limited (NASDAQ: INFY) today unveiled the company's first Latin American subsidiary by hosting an inaugural ceremony in Monterrey, Mexico attended by top dignitaries of the Mexican government and Infosys executives.
The inauguration, attended by the President of the Mexican United States, H. E. Felipe de Jesús Calderón Hinojosa, Chairman of the Board and Chief Mentor, Infosys Technologies Limited, Mr. N. R. Narayana Murthy and the Governor of the State of Nuevo León, Mr. José Natividad González Parás, is aimed at enhancing services to existing Infosys' clients in the U.S., Latin America and Europe.
"The combination of human and intellectual capital, nurturing business community and entrepreneurial spirit found in Monterrey positions the state for amazing IT service growth," said Governor of the State of Nuevo Leon José Natividad González Parás.
The subsidiary, Infosys Technologies S. De R.L. De CV, provides the company's full range of business consulting and information technology services for clients in all industries including banking, financial services, distribution, retail, and more. The center provides key offerings in business process outsourcing (BPO), infrastructure management and packaged solutions implementation.
"Mexico has embraced Infosys and worked with us to establish this innovative development center," said Mr. Murthy, Infosys Technologies. "Our public-private partnership is already serving a half-dozen global clients in multiple industries and 87 new employees, both new college graduates as well as senior professionals, have joined Infosys so far -- remarkable achievements in the first six months since opening the center."
The Monterrey facility provides Infosys with dedicated resources to service clients in North America, Latin America and Europe with bilingual talent in an agreeable time zone and close proximity. Furthermore, it strengthens the company's global delivery model capabilities and joins other Infosys development centers in the Czech Republic, Poland, Thailand, Philippines, China, Australia, Canada and India.
After examining several countries in the region, Infosys chose to establish a presence in Mexico due to the broad language skills available in the region, its cultural similarities to Canada, the U.S. and Europe. Latin America is a strong emerging market and one where many of Infosys' clients have operations already.