Bangalore, India – December 15, 2016
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, and MongoDB, the database for giant ideas, today announced details of a global partnership designed to help enterprises accelerate their digital transformation and application modernization initiatives with next generation database solutions.
Infosys and MongoDB will help new and existing customers address the key pain points of cost, performance and scalability across legacy applications. As part of the partnership, Infosys will scale the talent base to 1,000 consultants on MongoDB and enhance consulting capabilities based on MongoDB technology.
In pursuit of these objectives, the companies have established a joint Innovation Lab in Bangalore, India. The lab houses a dedicated team of trained MongoDB architects. These experts are developing and enhancing tools and best practices to help Infosys customers with their application modernization initiatives. This lab is equipped to handle proof-of-concepts and rapid application prototypes to support customers with their MongoDB requirements.
Ravikumar S, President and Chief Delivery Officer, Infosys, "MongoDB is proving to be among the most disruptive database solutions in the digital transformation space. Through our collaboration, Infosys can help organizations realize the full value on MongoDB to quickly and efficiently create state-of-the-art, high performance and scalable applications. Our relationship with MongoDB and decades of association with our longstanding customers gives us the knowledge and insight to help our clients modernize their mission-critical applications."
Dev Ittycheria, President and Chief Executive Officer, MongoDB, "Infosys is at the forefront of helping the world’s largest enterprises strategically transform their businesses to become more agile, innovative and competitive. This partnership will tap into the huge market opportunity of replacing legacy, monolithic applications that are inflexible to change and unable to scale with high data growth. This partnership is a giant endorsement of our technology and our business, and an even bigger opportunity for our joint customers. Together, we combine the three pillars needed for success - outstanding technology, the right skills, and the business smarts to deliver excellent results. Infosys strengthens our ability to tackle very large scale, mission-critical applications and accelerate growth for the company."
The partnership addresses the challenges organizations face as they attempt to unleash the power of data and capitalize on new market opportunities. Existing applications built on inflexible, legacy database technologies are costly, difficult to maintain and fail to meet the needs of modern applications. Organizations recognize they need to re-platform applications, but have concerns about operational risks. They are looking for a partner that has the playbook for successfully managing the transition to the new enterprise data paradigm, and the skills and experience that are often hard to find in-house. Together, Infosys and MongoDB bring the scale, expertise and technology to deliver on application modernization programs at a global level.
The partnership is already driving innovations for the creation of best in class industry solutions built on MongoDB. For example, the Infosys Digital Agri Solution is a unique technology that enables agriculture companies and farmers to increase crop yields based on real time data and IoT technologies. Another example is the Infosys Field Services Command Center, an IoT-based solution for large-scale manufacturing and industrial companies which captures real time machine diagnostics to understand customer usage patterns and enable predictive maintenance.
Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 199,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.
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, 2016. 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. In addition, please note that the date of this press release is December 15, 2016, and 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.
For further information, please contact: PR_Global@infosys.com