Bangalore, India – December 9, 2011
Infosys BPO Ltd., today announced that they have been awarded the prestigious India Business Law Journal's annual Legal Process Outsourcing (LPO) Award for Corporate Services. The scope of the award for Corporate Services includes corporate governance, corporate due diligence and compliance management.
India Business Law Journal's annual LPO Awards are based on an extensive survey of LPOs and their clientele. In determining the winners for each category, the survey results were considered carefully by India Business Law Journal's editorial panel in combination with other factors such as each LPO’s client references and landmark achievements over the past year.
Speaking about the award, Ramakrishnan Natarajan, AVP & Head, Legal Process Outsourcing, Infosys BPO, said, "We are delighted to have received this award, especially since the previous award winners have been traditional mainstream LPOs. We believe that this recognition is a validation of Infosys BPO's continued focus on operational excellence and the sustained efforts to provide business excellence to our customers. We will continue our focus on achieving bigger milestones in LPO services."
Infosys BPO set up its LPO business approximately three and a half years ago to provide specialized legal services. The portfolio of services provided by Infosys BPO's LPO unit includes Contract Management Services, Legal Research Services, Managed Review Services, e-Discovery Services, Electronically Stored Information (ESI) Processing, Litigation & Administrative Support and Intellectual Property Services.
Infosys BPO considers this recognition to be a milestone for its LPO unit and plans to continue focusing on enhancing quality and productivity in its LPO services.
Published 10 times per year, India Business Law Journal is a unique source of intelligence to India-based and international businesses and law firms as they adapt and expand to take advantage of India's growing openness to the world of cross-border transactions. It focuses on investigating the practical implications of legal developments, identifying optimal legal strategies for managing complex business issues and providing incisive insights into the legal market by highlighting the work of lawyers and law firms in India and overseas.
India Business Law Journal's editorial content is guided by an editorial board made up of prominent business leaders, lawyers and academics from organizations including Bharti Enterprises, Clifford Chance, Hindustan Coca-Cola Beverages, HSBC, Jones Lang LaSalle, Mahindra & Mahindra, Max New York Life Insurance, the National University of Juridical Sciences, NDTV Imagine and White & Case, among others.
Infosys BPO Ltd. ( www.infosysbpo.com), the Business Process Outsourcing subsidiary of Infosys Limited, 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, the Czech Republic, China, the Philippines, Poland, Mexico, USA and Brazil and as on September 30, 2011 employed approximately 20,617 people. It closed FY 2010-11 with revenues of $426.8 million.
Many of the world’s most successful organizations rely on the 142,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
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, 2011 and on Form 6-K for the quarters ended December 31, 2010, June 30, 2011 and September 30, 2011. 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.