Infosys signs 5-yr agreement with European energy trading house

Will help company improve business effeciencies, drive growth

Infosys has signed a five-year agreement with RWE Supply & Trading (RWEST), a leading European energy trading house, to provide technology services to "transform its trading operations to create business efficiencies and drive growth from new markets and commodities."

Central to the agreement is an "innovation and gain-share" model supported by a joint investment framework to identify and implement innovative business and technology projects that will deliver measurable benefits to RWEST, the Bangalore-headquartered IT major said in a statement.

Marcus Schaper, Head of IT at RWEST, was quoted as saying, "Infosys was able to offer us a full range of technology services coupled with a strong track record of supporting energy and financial trading systems. They brought commercial flexibility and a long-term perspective to create a compelling case for our dynamic business."

Kush Sharma, Head of Utilities at Infosys in Europe, said, “We are confident that this association with RWEST will enable strategic growth through the transformation of their trading platform. We will help them use savings generated to make investments that can drive operational efficiency and, more importantly, competitive advantage".