Arrow Electronics Inc. (NYSE: ARW), a global provider of electronic components and enterprise computing solutions, and Infosys
BPO today announced an agreement to jointly market comprehensive services for information technology asset lifecycle
management to their US clients. Arrow and Infosys will provide end-to-end IT asset management services, including procurement,
deployment and configuration, support, and decommissioning and disposition of assets.
Enterprises across high-tech, manufacturing, telecommunication, banking, retail, and consumer packaged goods industries can
now leverage the shared expertise of Arrow and Infosys to manage their IT asset lifecycles more cost-effectively. This
includes facilitating the repair, resale, or recycling of laptops, desktops, mobility devices, enterprise gear, and other
hardware. In addition, the combined resources of Arrow and Infosys will help enterprises comply with regulatory requirements
more easily and strengthen sustainability measures related to the management of IT equipment.
Arrow’s value recovery business provides specialized management of reverse material streams, IT asset recovery and remarketing
services that enable technology users to generate greater efficiencies and value at the end of IT product lifecycles.
Infosys BPO will bring its proven capabilities in business process transformation and outsourcing, and mature global
delivery network to help deploy and manage these solutions.
Infosys has provided technology and business process management services to Arrow for more than 10 years. The alliance expands
the existing relationship between the two companies.
Tim Kolbus, Vice President, Global Logistics Services, Arrow:
"Arrow considers its long-standing relationship with Infosys for business process management support to be a competitive
advantage. The new alliance strengthens the bond between our companies as Arrow will become the reverse logistics
and asset recovery provider not only for Infosys clients but also Infosys itself."
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO:
"This alliance provides our clients with a cost-effective way to oversee technology deployments by harnessing the
benefits of a streamlined IT asset management process combined with an integrated end-to-end service delivery solution.
Collaboration with clients like Arrow is a key part of our strategy to accelerate innovation. Together, we help enterprises
more smartly and efficiently manage IT assets, platforms and equipment."
Arrow Electronics (
www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic
components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 100,000 original
equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 470 locations
in 55 countries.
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries,
to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in
a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 160,000+ employees, is Building
Tomorrow's Enterprise® today.
About Infosys BPO
Infosys BPO Ltd. (
www.infosysbpo.com), the business process outsourcing subsidiary of Infosys Ltd., was set up in April 2002. Infosys
BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced
costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech
Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United States, China, the Philippines, Japan,
and Australia, and as of September 30, 2013, employed 28,277 people. It closed FY 2012-13 with revenues of $583.1 million.
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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, 2013 and on Form 6-K
for the quarter ended September 30, 2013. 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.