Alstom, a world leader in energy and rail transport
infrastructure and Infosys Technologies Limited (NASDAQ: INFY), today
announced the expansion of their strategic partnership in areas of global
Research and Development, Engineering and Engineering IT services. This
partnership envisages substantial strategic investments over the next five
years to develop next generation solutions for the power sector.
Infosys will provide support to Alstom Powers global business
units in core business areas including Product Development, Simulation,
Product Lifecycle Management (PLM), and Engineering IT. Infosys will also
support Alstom in building knowledge management processes for its design and
engineering teams. This collaborative operating model will enable Alstom to
benefit from faster time-to-market for new products, customization and
adaptation of existing products for emerging markets, while also sustaining
its current offerings.
"We see this long-term technological partnership with Infosys,
a leader in Information System Technology, as one of the key drivers to
developing the next generation of Alstom's power solutions," said Mr.
Philippe Joubert, President, Alstom Power. "Given our experience with Infosys
and our confidence in their strong competencies, they are a natural partner
of choice. This endeavor also underlines our commitment to invest in Asia,
particularly in India."
This engagement builds upon the existing relationship between
Alstom and Infosys, which began in 2005 with the establishment of the Alstom
R&D Center at the Infosys campus in Mysore and now extends to all of Alstom
Power's business units. Most recently, an additional Alstom R&D center has
been established at the Infosys campus in Pune.
"Infosys has invested in engineering and technology specific
centers-of-excellence to support Alstom Power globally," said Mr. BG
Srinivas, Member of Infosys Executive Council. "As Alstom Power strengthens
its focus on emerging markets, we have been able to combine our deep
understanding of their business and engineering processes with our extensive
knowledge of these markets to function as an innovation hub for Alstom."
About Alstom
Alstom is a global leader in the world of power generation and rail
infrastructure and sets the benchmark for innovative and environmentally
friendly technologies. Alstom builds the fastest train and the highest
capacity automated metro in the world, and provides turnkey integrated power
plant solutions and associated services for a wide variety of energy sources,
including hydro, nuclear, gas, coal and wind. Alstom brings international
expertise and extensive knowledge of local markets as a fully integrated
provider of clean, efficient and technologically advanced power system
solutions in all key energy markets. The Group employs around 76 500 people
in 70 countries. For more information, visit http://www.alstom.com
About Infosys Technologies Ltd.
Infosys defines, designs and delivers IT-enabled business
solutions that help Global 2000 companies win in a Flat World. These
solutions focus on providing strategic differentiation and operational
superiority to clients. With Infosys, clients are assured of a transparent
business partner, world-class processes, speed of execution and the power to
stretch their IT budget by leveraging the Global Delivery Model that Infosys
pioneered. Infosys has over 113,000 employees in over 50 offices worldwide.
Infosys is part of the NASDAQ-100 Index and The Global Dow. For more
information, visit http://www.infosys.com.
Infosys Safe Harbor
Statements in connection with this release concerning our
future growth prospects are forward-looking statements within the meaning of
U.S. Securities laws intended to qualify for the "safe harbor" under the
Private Securities Litigation Reform Act. These forward-looking statements
are subject to risks and uncertainties including those described in our SEC
filings available at http://www.sec.gov, including our Annual Report on Form
20-F for the year ended March 31, 2010, and our other recent filings, and
actual results may differ materially from those projected by forward-looking
statements. We may make additional written and oral forward-looking
statements but do not undertake, and disclaim any obligation, to update them.