Bangalore, India - January 14, 2010
Infosys BPO Ltd. today announced that it has been positioned by Gartner, Inc. in the 'Leaders Quadrant' in the 2009 Magic Quadrant for Comprehensive Finance and Accounting (F&A) BPO report 1. According to the research firm's report, "Leaders are performing well today, both with a clear vision of market direction and by actively building competencies to sustain their leadership position in the market. They generally share superior market understanding, have a global client base, an extensive network of well-distributed and highly populated global delivery centers catering for multiple languages, a good balance of transactional and high-end F&A delivery and innovative sales offerings."
Gautam Thakkar, VP and Global Head for F&A, Infosys BPO Ltd, said, "We believe that our position in the Leaders Quadrant is testimony to our ability in the seamless delivery of end-to-end F&A services from multiple global locations. In a considerably short span of 5 years, we have been able to scale great heights and significantly transform the finance processes of our clients. We have been able to leverage our extensive technology capabilities, clearly shaping the vision for the next generation of F&A outsourcing. We feel this recognition validates our strategy and the significant investments that we have made in our F&A practice to improve our pipeline and add measurable business value to our clients."
Magic Quadrants depict markets using a two-dimensional matrix that evaluates vendors based on their completeness of vision and ability to execute. The report evaluates a qualified group of 13 vendors in the Comprehensive F&A BPO market.
As a leader in Comprehensive F&A BPO transformation, Infosys BPO Ltd provides services to 44 clients and has been acknowledged by top industry analysts. Infosys has been listed as a Top Enterprise Provider in FAO Today's 2008 annual survey. The company has also won a series of awards in this space, including The FAO Today - Provider of the Year Award 2008. Senior Infosys BPO executives were also featured in FAO Today's Superstars list in 2008.
1 Gartner, Inc. 'Magic Quadrant for Comprehensive Finance and Accounting BPO' by Cathy Tornbohm, 17 December 2009
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Infosys BPO Ltd. ( www.infosysbpm.com), 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, the Czech Republic, China, the Philippines, Poland, Thailand, Mexico and Brazil and employs 17,454 people. It closed FY 2008-09 with revenues of $316.2 million.
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 109, 000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.
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 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.
Infosys BPO Ltd, India
Phone: +91 99725 85052
Corporate Voice/Weber Shandwick
Phone: +91 99028 02855
Infosys Technologies Ltd, USA
Phone: +1 213 268 9363
Infosys Technologies Ltd, Australia
Phone : +61 3 9860 2277
Infosys Technologies Ltd, UK
Phone: +44 0 207 715 3499