Infosys Technologies Ltd

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Software Companies India Latest News And Updates

Infosys to offer financial services to US banks
July 10, 2015 02:10 PM
Global software major Infosys Ltd will offer its flagship Finacle product to service US banks' Verizon cloud platforms. "We will offer solutions to US banks and financial institutions through the software-as-a-service (SaaS) model, which is serving 547 million customers worldwide," the city-based bellwether said in a statement on Friday. The US-based Verizon Communications operates the country's wireless network with 109 million retail connections nationwide. Its enterprise solutions arm helps clients to improve performance and manage risk using multiple platforms over its secure mobility, cloud computing, and networking. Source: IANS
Infosys will provide IT services to US wellness firm
June 20, 2015 10:41 AM
Global software major Infosys Ltd. on Friday announced winning a five-year contract to provide a raft of IT services to the US-based wellness firm NBTY, formerly Nature's Bounty. "The multi-year deal envisages enterprise-wide application development and maintenance services for NBTY's IT landscape, including Oracle e-business suite and legacy systems," the IT outsourcing major said in a statement in Bengaluru. The New York-based 45-year-old NBTY is a global producer and retailer of vitamins and nutritional supplements. "Mandate is to help NBTY achieve higher productivity and reduce operational costs through automation, while improving the quality of service and driving faster adoption of ERP (enterprise resource planning)," Infosys Vice President for retail and logistics Sandeep Dadlani said. Source - IANS 
Sharjah bank to use Infosys' Finacle software
June 20, 2015 10:36 AM
Sharjah Islamic Bank in the Gulf region is deploying the flagship financial software product Finacle of Indian IT major Infosys Ltd. to enhance its customer service and deliver new age banking experience. "With our Finacle e-banking and mobile banking solutions, the bank will be able to offer its customers a range of features for secure account management and aggregation, fund transfer, payment and financial management," the global software major said in a statement in Bengaluru on Friday. As a unified platform, the software product will serve the bank's diverse customer segments across the region. Source - IANS
'US begins probe into alleged visa violation by TCS, Infosys'
June 13, 2015 10:28 AM
The US government is learnt to have begun investigating alleged H1-B visa violations by Indian software majors Tata Consultancy Services (TCS) and Infosys Ltd, according to a US media report. The US labor department has opened the investigation against TCS and Infosys for "possible violations of rules for visas for foreign technology workers under contracts they held with an electric utility Southern California Edison", a leading New York daily said on Friday. A H1-B visa, which permits a foreign national to work in the US for a maximum of six years, is granted to overseas outsourcing firms for sending their skilled employees to work on onsite projects of their clients in north America. Source: IANS
Acquisitions to contribute $1.5 billion: Infosys
June 08, 2015 10:23 AM
Indian IT giant Infosys on Sunday said that it aims to realize revenues in the range of $1.5 billion from its acquisitions and also reach the milestone of $20 billion by 2020. The company's mission is to prepare the company to reach the aspirational goal of $20 billion in revenue by 2020 with a 30 percent operating margin, said CEO Vishal Sikka in the company's annual report. Infosys, which acquired Skava and automation technology firm Panaya for $120 million and $200 million respectively recently, has expressed its willingness for bigger scale acquisitions and mergers. Artificial intelligence and intellectual property business solutions and design thinking solutions are expected to contribute 10 percent of the business revenue for Infosys. Source: IANS

Infosys Technologies Ltd is one of the biggest names in the Indian IT industry. This multinational IT services company with offices in 22 countries and development centers in India, Japan, China, Australia, UK and Canada, is headquartered in Bangalore, India. Currently (as of September 30, 2009), Infosys has 105,453 employees in its payroll. From a mere US$ 250 company in 1981, Infosys Technologies Ltd. has come up a long way to become a global leader with revenues of more than US$ 4 billion.

Infosys Technologies Ltd. "defines, designs and delivers technology-enabled business solutions" to its clients worldwide. It leverages its domain and business expertise as well as the strategic alliance with leading technology providers while developing its business solutions.

One of the major initiatives of Infosys Technologies Ltd. is its Global Delivery Model (GDM). It came forth as a disruptive force that leads to the rise of offshore outsourcing. Infosys has also made a mark in the software industry by its highly innovative solution for the banking industry - "Finacle".

Brief History

Infosys Technologies Limited started its journey on July 2, 1981 when N R Narayana Murthy along with six others, Nandan Nilekani, Kris Golapakrishnan, N S Raghavan, S D Shibulal, Ashok Arora and K Dinesh launched a software development company, called "Infosys Consultants Pvt. Ltd." with N S Raghavan being the first employee of the organization. The company started with a capital of INR 10,000 which Mr. Murthy borrowed from his wife Sudha Murthy. The operation started in the house of Raghavan in Model Colony in north-central Pune, which was the registered office of the organization. However, the office shifted to Bangalore next year, which became the headquarters of the organization soon.

The Growth

It's the year 1993 when Infosys went public. The IPO of Infosys was undersubscribed, which was later bailed out by Morgan Stanley, when it took up 13% of its equity (at the offer price of ` 95 per share). In 6 years, the price of the share soared up to ` 8,100 to make it the costliest share in the market in 1999. It came into the list of 20 biggest companies on NASDAQ in terms of market capitalization, leaving behind the big names like Adobe Systems, Lycos and Novell.

The sales and earnings of Infosys Technologies Ltd, since the listing on BSE till 2000, compounded over 70% a year. In 2000, the then US President Bill Clinton praised India for its accomplishments in high-tech areas referring the example of Infosys.

Awards and Accolades

As the company started growing at a higher pace, honors and accolades also started pouring in. In 2001, Business Today rated it as "Best Employer in India". Hewitt Associates also rated it the best employer to work for in the three consecutive years in 2000, 2001 and 2002.

Infosys Technologies Ltd. was also the only Indian company to win the prestigious Global MAKE award for the three consecutive years in 2003, 2004 and 2005. It also found place in the Global Hall of Fame for that.

Infosys was adjudged among world's 5 best performing companies in software and services sector by Forbes in April 2009. In the same year, the organization was rated amongst the "50 Most Innovative Companies" by Business Week.

Offerings

Infosys offers a range of solutions to its global customers. It offers solutions to wide array of industries. It provides various services like IT services, Engineering services, BPO services and consulting services etc.

Industries
Infosys Technologies offers services to the following industries:
  • Aerospace and Defense
  • Airlines
  • Automotive
  • Banking and Capital Markets
  • Communication Services
  • Consumer Packaged Goods
  • Discrete Manufacturing
  • Education
  • Energy
  • Healthcare
  • High Technology
  • Hospitality and Gaming
  • Insurance
  • Life Sciences
  • Logistics and Distribution
  • Manufacturing
  • Publishing
  • Resources
  • Retail
  • Studios and Networks
  • Utilities
IT Services
The IT Services offered by Infosys include the following:
  • Application Services
  • Architecture Services
  • Enterprise Quality Services
  • Independent Validation Services
  • Information Management Services
  • Infrastructure Services
  • Knowledge Services
  • Packaged Application Services
  • SOA Services
  • Systems Integration Services

Engineering Services
Infosys offers concept-to-market R&D and engineering services, which help its clients to improve their product operations. The services focus on the complete engineering value chain of different industries. Following engineering services are offered:
  • Lifecycle Management
  • Manufacturing Process and Plant Solutions
  • Product Engineering
Consulting Services
The consulting services offered by Infosys are meant to make its clients stronger and more competitive and also make them capable to manage global business more efficiently. Following consulting services are offered:
  • Core Process Excellence
  • Information & Technology Strategies
  • Learning & Complex Change
  • Next Generation Commerce
  • Product Innovation
BPO Services
Infosys Technologies Ltd. has a strong BPO division that delivers world-class process outsourcing.
  • Offerings by Industry
  • Aerospace and Automotive
  • Banking and Capital Markets
  • Communication Service Providers
  • Energy and Utilities
  • Healthcare
  • Insurance
  • Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Retail and Consumer Packaged Goods
  • Services
  • Transportation and Services
  • Offerings by Function
  • Business Platforms
  • Customer Service Outsourcing
  • Finance and Accounting
  • Human Resource Outsourcing
  • Knowledge Services
  • Legal Services
  • Order Management
  • Sourcing and Procurement Outsourcing

Products
Infosys has got the following products and platforms that offer holistic and integrated transformation approach.
  • Collaborative Analytics
  • Infosys ActiveDesk
  • Infosys iProwe
  • Infosys mConnect
  • Infosys Unified Communications and Collaboration (UC)
Finacle Solutions
Finacle solutions are meant for the banking industry. Following are the solutions provide:
  • Core Banking
  • e-Banking
  • Mobile Banking
  • Treasury
  • Finanz Tools
  • CRM
  • Alerts
  • Wealth Management
Address
Infosys Technologies Ltd.
Plot#44
Electronics City
Hosur Road
Bangalore 561 229
Karnataka, INDIA
Tel: +91-80-28520261 / 351 / 363
Fax: +91-80-28520362
Web: www.infosys.com