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| Infosys Tech Opens Second Latin America I.T. Development Center Serving Global |
| Announcement / Corporate Nov 09, 2009, 19:36 IST |
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Infosys Technologies Limited (NASDAQ: INFY) today opened the company’s second Latin American Development Center in Monterrey, Mexico, offering global, near-shore, and Latin American clients a full range of information technology (I.T.) services including Business and I.T. Consulting, Business Process Outsourcing (BPO), Packaged Solutions Implementation, and Infrastructure Management.
The development center, managed by Infosys’s subsidiary, Infosys Technologies S. De R.L. De CV, provides technology services for clients in all industries including banking, financial services, manufacturing, retail, distribution, insurance, and many others.
“From our first development center opening with a few clients and a dozen employees, we now have some 30 clients and 330 professionals and the future looks muy brillante,” said Ashok Vemuri, Senior Vice President and member of Executive Council, Infosys Technologies. “Our public-private partnership with the city of Monterrey and the government of Nuevo Leon, Mexico demonstrates that such unions create opportunities for the city’s very talented new graduates from local universities. And it clearly creates tremendous value for clients around the world who increasingly look to our centers in Latin America for the solutions they need.”
Both Monterrey facilities provide Infosys with dedicated resources to serve clients primarily in North America, Latin America and Europe with bilingual talent in an agreeable time zone and close proximity. Furthermore, it strengthens the company’s global delivery model capabilities with such other development centers in the Czech Republic, Poland, Thailand, Philippines, China, Australia and India.
After examining several countries in the region, Infosys chose to establish a presence in Mexico due to the broad language skills available in the region, its geographical proximity to Canada, the U.S. and Europe. Latin America is a strong emerging market and one where many of Infosys’ clients have operations already.
About Infosys Technologies Ltd.
Infosys Technologies Limited (NASDAQ: INFY) 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 105,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.
Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US 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 www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, 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.
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