India - June 18, 2008
Award conferred on it in the F&A outsourcing category for the second consecutive year
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 criteria:
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.
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.
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, 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, 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.