Infosys Statement on Eishtec’s Business Transfer to Infosys BPM
Bengaluru, India – October 9, 2019: Infosys has entered into a strategic partnership with Eishtec, which includes the transfer of Eishtec’s business to Infosys BPM, an Infosys company. This will enable Infosys to better serve our clients in the region, leveraging our deep expertise in technology, analytics, and digital. This partnership does not entail the purchase of any equity.
Eishtec was established in 2011 and is one of Ireland’s leading customer service providers, employing 1,400 people across Ireland. The current management team of Eishtec will continue with the leadership of the existing CEO Heather Reynolds; the partnership involves the transfer of Eishtec employees and business to Infosys BPM.
Anantha Radhakrishnan, CEO of Infosys BPM, said: “We are very excited to welcome the Eishtec employees who will help us further enrich our customer experience services. We look forward to helping them enhance their professional careers within Infosys, a global leader in consulting, technology and business process management services. We are recognized by the Top Employers Institute as a Top Employer in Europe for our excellence in employee care, and our dedication to and investment in our employees’ professional development and personal well-being. With our ever-increasing focus on enhancing stakeholder experience and empathy, this transfer further demonstrates our strategic commitment to growth in Europe, one of our key markets, accounting for almost a quarter of our global revenues. To drive our continued growth strategy in the region, we are hiring and training talent locally across the continent. The transfer of the Eishtec employees will enable us to better serve our clients from the UK and Ireland, further leveraging our deep expertise in technology, analytics, and digital.”
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this presentation 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, 2019. 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.
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