The expansion demonstrates the shared goal of creating impactful digital transformation and investing in digital talent in Singapore
BENGALURU, India And SINGAPORE, October 12, 2023 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a five-year extension of its successful joint venture collaboration with Temaseka global investment company headquartered in Singapore. Infosys Compaz (“iCompaz”), the Infosys-Temasek joint venture (JV), has collaborated with large companies in South East Asia in their digital transformation journey, leveraging its deep technology expertise in cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others.
This expansion underlines iCompaz’s commitment to increasing its presence in Singapore and the broader Southeast Asian market. The region is one of the fastest growing economies in the world and is a key market for growth. iCompaz, established in 2018, has collaborated with Temasek on its technology transformation initiatives such as the deployment of new digital architecture, data applications and security infrastructure. This announcement further reinforces the commitment Infosys made in 2018, to invest in advanced technologies and capacity building, with the aim of providing high quality professional services and supporting the growth and development of its workforce. of work.
iCompaz leverages Infosys’ deep business innovation capabilities through Infosys Cobalt, a set of services, solutions and platforms enabling businesses to accelerate their transition to the cloud. Benefit Infosys Topaza set of AI-driven services, solutions and platforms using generative AI technologies, iCompaz will enable customers to create value from unprecedented innovations, ubiquitous efficiencies and ecosystems connected.
Denis Gadaexecutive vice president, head of financial services, Infosyssaid: “We deeply value our collaboration with Temasek, and it has helped us grow both the technological capabilities and talent base in the region. Our journey over the past 5 years has demonstrated common aspirations to amplify human potential. on the solid foundations we have established to deliver differentiated value to all stakeholders in the region. »
Rao Baskara, Chief Technology Officer, Temaseksaid: “We look forward to expanding our collaboration and continuing iCompaz’s next phase of growth as it continues to provide quality digital services to businesses around the world. South East Asia. This commitment also enhances Temasek’s capabilities and allows us to harness the potential that digital transformation brings.
Manohar AtreyaCEO, Infosys Compaz, said: “iCompaz has proven its expertise in the field of large-scale digital and IT transformation. We are excited to expand this collaboration with Temasek, as we continue to leverage Infosys’ global scale and depth in intelligent AI platforms and data solutions, to help customers navigate their next journey towards business transformation.
About Temasek
Temasek is a global investment company with a net portfolio value of S$382 billion like a March 31, 2023. Our goal “So every generation prospers” guides us to make a difference for the generations of today and tomorrow. As an active investor, forward-looking institution and trusted manager, we are committed to delivering long-term sustainable value. Temasek has overall corporate credit ratings of Aaa/AAA from rating agencies Moody’s Investors Service and S&P Global Ratings respectively. Singaporewe have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, ShenzhenAnd Singapore In Asia; And London, Brussels, Paris, new York, San Francisco, Washington DCAnd Mexico outside Asia.
About Infosys
Infosys is a global leader in next-generation digital services and consulting. More than 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable our customers in over 56 countries to navigate their digital transformation. With more than four decades of experience managing the systems and operations of global businesses, we expertly support our clients in their digital transformation powered by cloud and AI. We provide them with an AI-driven core, enable the enterprise for agile digital at scale, and drive continuous improvement through continuous learning through the transfer of skills, expertise, and ideas digital technologies of our innovation ecosystem. We are deeply committed to being a well-governed, environmentally responsible organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your business navigate the next stage.
Security port
Certain statements in this release regarding our future growth prospects or future financial or operating performance are forward-looking statements intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a a number of risks and uncertainties. which could cause actual results to differ materially from those in these forward-looking statements. Risks and uncertainties relating to these statements include, without limitation, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to a hybrid work model, uncertainties economics, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulatory changes, our ESG vision, our capital allocation policy and our expectations regarding our position in the market, our future operations, our margins, our profitability, our liquidity, our capital resources and our securities transactions, including acquisitions. Important factors that could cause actual results to differ from those implied by the forward-looking statements are discussed more fully in our filings with the United States Securities and Exchange Commission, including our Annual Report on Form 20- F for the closed financial year. March 31, 2023. These deposits are available on 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 in our reports to shareholders. The Company undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the Company, except as required by law.
Show original content:^ https://www.prnewswire.com/apac/news-releases/infosys-and-temasek-extend-digital-services-joint-venture-for-five-years-301954874.html
SOURCE Infosys
