Sydney, Australia - May 2012
Following our recent acquisition by Infosys BPO, we are delighted to announce that Portland Group has opened a new office in Singapore with the aim of extending our presence further across the Asia-Pacific region.
Tim Mai has joined Portland Group to lead our Singapore office. Tim has over 15 years of demonstrated leadership driving sourcing and procurement improvement programmes for global companies. Most recently, Tim was Procurement Director for a leading online media company where he had responsibility for strategic sourcing, international procurement, procurement operations and outsourcing/offshoring. Prior to that he had a senior sourcing and procurement role in a leading global retailer, driving an aggressive transformation agenda. Tim also brings consulting experience having spent a numbers of years working with companies in the Airline, Oil & Gas, Banking, Retail and High Tech industries to drive sourcing and procurement transformation initiatives.
Portland Group is working hard to support our clients to improve the efficiency and effectiveness of their procurement functions by leveraging the combined expertise of Portland Group and Infosys. Our combination of strategic consulting and operations experience uniquely positions us to develop and implement optimal solutions for our clients. Tim will be ensuring we can support our growing client base with these services throughout Asia.
Infosys Portland is a subsidiary of Infosys BPO Ltd., a part of Infosys Ltd. Our mission is to make our clients successful by increasing their profitability through procurement and supply chain improvements. We are unique in providing services to improve efficiency and effectiveness across our clients’ complete procurement and supply chain functions, ranging from innovative, high-end strategy through to effective, low-cost operations and transactional processing. The resulting transformational benefits for clients include lower costs, reduced risk and improved service from client suppliers.
Infosys BPO Ltd. ( www.infosysbpm.com ), the business process outsourcing subsidiary of Infosys Ltd., 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, on-going productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United States, China, the Philippines, Japan and Australia, and as of December 31, 2013, employed 27,894 people. It closed FY 2012-13 with revenues of $583.1 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 unauthorised 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, 2013 and on Form 6-K for the quarter ended December 31, 2013. 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 unless it is required by law.