BENGALURU, India, December 19, 2017 /PRNewswire/ --
Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (NYSE: INFY), today announced that the company has received the approval of the Ministry of Corporate Affairs, Government of India to change its name to Infosys BPM Limited. The new name is effective immediately, and will be implemented across the company's services.
The new name is a reflection of the paradigm shift in the nature of services that the company now offers through its holistic approach of end-to-end transformative BPM (Business Process Management). The scope and complexity of business processing work and the expectations of clients have changed significantly over the past few years as clients expect transformative value much beyond arbitrage through outsourcing and offshoring.
Infosys BPM's technology heritage and investment in business domain Centers of Excellence have enabled the company to amplify human potential and leverage their 'humanware' - a unique combination of 'employees with business domain expertise + software' to address client business problems through the use of innovative technologies such as Robotics, Artificial Intelligence, Machine Learning, Predictive Analytics, Rich Content Visualization and Mobile Technologies.
Each business day more than 34,000 Infosys associates with 'ignited minds' from 80 nationalities working out of 32 global locations partner with clients to enhance and reshape their stakeholder (customers, employees, suppliers) experience. The nature of work the company does has moved beyond processing transactions to the management of a client's end-to-end business process as a partner, necessitating the change in name from 'Infosys BPO' to 'Infosys BPM'.
Anantha Radhakrishnan, Chief Executive Officer and Managing Director, Infosys BPM, said, "The change in the name signifies our vision of 'reimagining business processes' across experience, effectiveness and efficiency. Through our integrated people + software approach we continue to co-create business value for our clients, leveraging Automation, Analytics, Artificial Intelligence, Machine Learning and Cloud. It reflects the new enhanced expectations that our clients have from us, and our end-to-end digital solutions to solve their business problems. It also embodies the aspirations and capabilities of our young associates to transform the business processes they manage for our clients."
About Infosys BPM
Infosys BPM, the business process management subsidiary of Infosys, was set up in April 2002. Infosys BPM's technology heritage and investment in business domain centers of excellence, and its holistic approach of end-to-end transformative BPM (Business Process Management), delivers transformational benefits to its clients through the use of innovative technologies such as Robotics, Artificial Intelligence, Machine Learning, Predictive Analytics, Rich Content Visualization and Mobile Technologies. Infosys BPM employed 34,366 people, from 80 nationalities as of September 30, 2017, operating across 32 global locations.
About Infosys Ltd
Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of over 200,000 innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2017. 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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.
Asia Pacific EMEA Americas Sarah Gideon Margherita Di Cerbo Chiku Somaiya Infosys, India Infosys, Europe Infosys, USA +91 80 4156 3998 +44 2075162748 +1 408 375 2722 Sarah_Gideon@infosys.com Margherita.DiCerbo@infosys.com Chiku.Somaiya@infosys.com
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SOURCE Infosys Limited