Cobb County, Metro Atlanta – March 4, 2013
Additional expansion planned in coming years
Infosys, a global leader in consulting, technology and outsourcing, today announced that it plans to add approximately 200 new jobs in the next fiscal year at its Cumberland location in Cobb County, and expects additional expansion in the metro Atlanta area over the next couple of years.
Infosys has identified Atlanta as a strategic hub for growth in the United States. The infrastructure, cosmopolitan culture, and talent available in Atlanta attracted Infosys BPO (its Business Process Outsourcing subsidiary) to set up an onshore operations center to deliver high-end business process services to North American clients. Cobb County offers a secure, easily accessible and central location with world-class space available for large-scale business process operations.
Infosys is committed to job creation in the United States, and today’s announcement underscores its continued investment in its Cumberland location and Georgia. With unparalleled support and guidance from the Cobb Chamber, the Metro Atlanta Chamber of Commerce, and the Georgia Department of Economic Development, Infosys is working with the local university system and technical colleges to recruit local talent, and also to help improve the education system to equip students with more market-relevant curriculum. Infosys plans additional investment in training and development, with employees also able to leverage the global resources of Infosys award-winning education center in India. Career opportunities are available to support high-end business process services across financial services, insurance, healthcare, retail and legal process management services.
Gautam Thakkar, Vice President and Unit Head – Enterprise Services, Infosys BPO said, "It is critical for Infosys to create global hubs of talent, and the Southeast is a key U.S. region with a number of our important clients. We also are impressed with the highly skilled talent pool available in Atlanta, and look forward to our expansion to continue to improve services to our customers.”
The company also is committed to the local community as a whole. For example, the Infosys USA Foundation recently presented a grant to the YWCA of Greater Atlanta’s “Teen Girls in Technology” (TGI Tech) program, which helps middle and high school girls cultivate an interest and competence in science, technology, engineering and mathematics (STEM).
In addition to Atlanta, Infosys BPO also has a delivery center in Des Moines, Iowa, part of the 19 Infosys locations throughout the United States.
"Infosys is an integral part of metro Atlanta's technology community and we are pleased that it has decided to expand operations here following the opening of their new business center last year," said Hans Gant, Senior Vice President of Economic Development at Metro Atlanta Chamber. "Maintaining our close ties with India and companies like Infosys is central to our growth strategy for the region and it is through collaboration with our partners that these success stories continue to happen. Infosys will create jobs that bolster a key industry for metro Atlanta."
“Georgia has a talent pool with the job skills that business process outsourcing requires,” said Gretchen Corbin, Deputy Commissioner with the Georgia Department of Economic Development. “Thanks to a large existing workforce in this area, and the knowledge workers coming out of our universities, we think Georgia and Atlanta will see more of this kind of activity in the future.”
For Cobb County, the Infosys expansion represents not only desirable new jobs, but also an expanding information technology and software industry and global commerce.
“Cobb County is excited to see one of its global companies expanding,” said Brooks Mathis, Vice President of Economic Development for the Cobb Chamber and Executive Director of Cobb’s Competitive EDGE, a community and economic development strategy for the county. “Infosys is an important asset and corporate partner in our community for many reasons. The company is experiencing phenomenal growth and providing coveted high-paying jobs. Plus on a global scale, Infosys’ investment in Cobb represents growing commercial ties between the U.S. and India.”
This jobs announcement also exemplifies the diversity of industries within the Cumberland submarket and Cobb County. This project is the result of teamwork and strategic partnerships between various agencies. Key members on this project include the Georgia Department of Economic Development, the Metro Atlanta Chamber, the Cobb Chamber, and the colleges and universities in Cobb County.
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology, and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.
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, Poland, Mexico, Brazil, USA, China, the Philippines and Australia, and as on December 31, 2012, employed 24,903 people. It closed FY 2011-12 with revenues of $494.5 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, 2012 and on Form 6-K for the quarters ended June 30, 2012, September 30, 2012 and December 31, 2012. 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.
As one of the most influential business advocacy organizations in Georgia, the Cobb Chamber is dedicated to bringing the community and its leaders together to create jobs and strengthen the economy and quality of life so businesses and the community can achieve more. The Chamber achieves this by creating jobs and driving economic development; strengthening the community and the region; growing member businesses and nurturing leadership; and connecting businesses, government and the community.