BANGALORE, India, February 6, 2014 /PRNewswire/ --
- Infosys and UL Celebrate 10 Years of Successful Alliance
Infosys, a global leader in consulting, technology and outsourcing today announced the successful completion of an organization-wide technology transformation program for UL, a global safety science organization. As part of the transformation, Infosys has integrated UL's various business units and subsidiaries onto a single technology platform with centralized governance, standardized processes and higher workflow efficiencies to help the company meet customer demands faster. Infosys has worked with UL for close to 10 years and is responsible for developing and managing its technology and business applications.
- With multiple acquisitions over the past few years, UL had acquired a complex IT systems landscape with limited capabilities for centralized governance
- Infosys deployed a global order-to-cash and finance processing platform, with a standardized service offering catalog that supports all business units and acquired companies at UL through a single window
- The new platform also offers guided selling capabilities, ability to capture orders and manage fulfillment of projects and billing
- It provides an easy- to-use and transparent purchase experience for UL's customers, while enabling cross selling of services
- The platform is a first-of-its kind deployment in the services industry globally
- Going ahead, Infosys will also help transform UL's information technology landscape by creating new fulfillment applications that will be data and information centric to help deliver services more efficiently
Christian Anschuetz, Senior Vice President and Chief Information Officer, UL
"Infosys played a key role to accelerate our transformation. Today we rely on the strong technology foundation they have built for us to effectively run our operations. We are now taking our alliance with Infosys to the next level as we co-create a unique platform that will help us to delight our customers further with better service and innovative products."
Sanjay Purohit, Senior Vice President and Global Head, Products, Platforms and Solutions, Infosys
"Infosys is privileged to be part of the journey that saw UL transform against the backdrop of changing customer preferences as well as rapid technology and business model shifts. The strong and symbiotic relationship we have enjoyed with UL made it a winning journey for both companies. The road ahead looks even more promising as we bring together our technology and business expertise along with a robust set of software assets to create an information platform that will redefine customer experience for the services industry."
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit http://www.infosys.com to see how Infosys (NYSE: INFY), with US$7.4 billion in annual revenues and 158,000+ employees, is Building Tomorrow's Enterprise® today.
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 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, 2013 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at http://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.
For Further information please contact:
Paul de Lara
GolinHarris for Infosys, USA