Infosys Technologies will manage and operate a large portion of business systems for BP, one of the world’s largest oil and gas companies, under the terms of a five-year applications outsourcing and support agreement.
Over the last 12 months, BP has undertaken a programme to consolidate its information technology (IT) vendors for application development and application maintenance (ADAM). BP had a rigorous procurement selection process which assessed Infosys on capability, oil and gas sector knowledge and cost. Infosys met these criteria and has demonstrated ability to support BP’s agenda of IT simplification and standardization to facilitate corporate efficiency.
Dana Deasy, BP Group CIO, said, "I'm pleased to have selected Infosys as one of our strategic ADAM vendors. In awarding Infosys ADAM work for our Integrated Supply and Trading and Exploration and Production businesses, we look to leverage its capability and knowledge of the Oil and Gas sector. This agreement will enable BP to reduce complexity, standardize work processes, and lower our overall cost base."
Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies, said, "Infosys has a long standing relationship with BP, delivering consulting and technology services. We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement."
BP NOTES TO EDITORS
BP is one of the world's largest oil and gas companies, serving millions of customers every day in more than 100 countries across six continents. BP's business segments are Exploration and Production; Refining and Marketing; and Alternative Energy, its low-carbon energy business. Through these activities, BP provides fuel for transportation; energy for heat and light; retail services; and petrochemicals products for textiles and packaging.
About Infosys Technologies Limited
Infosys Technologies Limited (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.