Infosys BPO Successfully Completes Acquisition of McCamish Systems LLC
Bangalore, India - December 15, 2009
Infosys BPO today announced that it has successfully completed the acquisition of McCamish Systems LLC. Infosys BPO had earlier announced the signing of a definitive agreement to acquire the US-based insurance and retirement business process solutions provider.
Ritesh Idnani, Head, Worldwide Sales and Marketing and Business Head, Banking, Capital Markets, Insurance, Healthcare and Emerging Markets and Americas Operations, Infosys BPO said, "With this acquisition, Infosys BPO strengthens its presence as a global outsourcing services provider. We look forward to an exceptional relationship with McCamish Systems LLC, and are delighted to be working with a dynamic and outstanding group of individuals."
J. Gordon Beckham Jr., President and CEO, McCamish Systems said, "We as a part of Infosys BPO are excited to be associated with an organization that is driven by an ethos of values and knowledge capital. Our customers would also benefit from this partnership at a global scale."
The deal establishes Infosys BPO as a key player in business platform services for the insurance and financial services sector, and will enhance the company’s capability to deliver end-to-end business solutions.
Infosys Safe Harbor
Statements in connection with this release 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 include statements relating to the acquisition of McCamish systems enhancing Infosys BPO’s ability to deliver business solutions and its ability to deliver potential benefits to its customers. These and other forward-looking statements made in connection with this release 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.