Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, has been awarded the Provider of the Year
2008 award in the Large Enterprise Category by FAO Today. This is the second consecutive win for the company in this
category, thus establishing Infosys BPO's thought leadership in the F&A outsourcing space. The other contenders
in this category included Genpact, HP, IBM, and Capgemini.
The nominees were selected based on the following
- Scale of financial volume during the year, in the context of entire industry total volume
- Increase in financial volume during the year, in the context of entire industry increase in volume
- Innovation in service offering
- Operational transparency in the market
The fourth criteria was added keeping in mind the importance of business transparency in a compliance-driven industry.
Amitabh Chaudhry, CEO and MD, Infosys BPO, says: "Infosys is delighted to receive this award for the second consecutive
year. We have a robust F&A practice and the ability to deliver F&A services seamlessly from multiple global locations.
This, coupled with process excellence and our transformational approach, reinforces our leadership position in the fast-growing
FAO segment. This recognition validates our strategy and the significant investments we have made in our F&A practice
to add measurable business value to our clients."
According to Elliot Clark, CEO, FAO Today: "For the second time, Infosys BPO is now an industry leader and in our process,
the clear winner demonstrating an exciting vision and extraordinary execution capability. The company has clearly established
itself as the fastest- growing F&A provider with innovative approaches to deal structuring, technology and implementation."
Last month, Amitabh Chaudhry, Michel de Zeuw and Ritesh Idnani were also declared the FAO Superstars in recognition of the
leadership shown in a
$ 28 million deal with Philips Electronics, the smooth integration of the employees and in establishing Infosys
as the fastest growing F&A provider with innovative approaches to deal with structuring, technology and implementation.
About Infosys BPO
Infosys BPO Ltd. (
www.infosys.com/bpo ), the Business Process Outsourcing subsidiary of Infosys Technologies, was set up in April 2002.
Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of
Outsourcing Professionals, Red Herring, FAO Today, NelsonHall, and others. 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, Czech Republic, China, Philippines, Poland, Bangkok and Mexico
and employs 17,238 people. It closed FY 2007-08 with revenues of $250.3 million.
About Infosys Technologies Limited
Infosys (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 1,00,000
employees in over 50 offices worldwide. Infosys is part of the NASDAQ- 100 Index and The Global Dow. For more information,
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
including our Annual Report on Form 20-F for the year ended March 31, 2008, 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.