Infosys launches new solutions for banking segment

IndiaTimes of India — NEW DELHI: Infosys has launched two new financial products for the Indian market that will help it tap the multi-million dollar opportunity in the newly announced payments banks segment.  The two products — Finacle Payments Bank and Finacle Small Finance Bank solutions — are part of EdgeVerve Systems, the product subsidiary of Infosys, the country’s second largest software services firm.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-launches-new-solutions-for-banking-segment/articleshow/48773843.cms

Infosys to build 3 more campuses in Bengaluru

IndiaTimes of India — BENGALURU: Karnataka government has cleared three major IT projects planned by Infosys to set up more campuses in the city at an investment of Rs 1,918 crore that would generate 27,000 jobs. “The IT major Infosys is going to invest $290 million (Rs 1,918 crore) on three campuses. One will be built at Electronic City and other two at Konappana Agrahara of Bengaluru South taluk,” chief minister Siddaramaiah said in a statement.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-to-build-3-more-campuses-in-Bengaluru/articleshow/48744881.cms

Huawei Kicks Off Open IT Ecosystem For Finance Industry

ChinaHuawei plans to partner with financial services providers including Acenture, Deloitte, First Data and Infosys to promote the the adoption by the banking industry of open-standards and cloud-based technologies comparable to those used by Internet start-ups. “Internet companies have achieved great success by deploying cloud computing and open architecture,” Huawei stated.

http://www.techweekeurope.co.uk/cloud/datacenter/huawei-it-finance-173377

BofA now giving out $300 million of annual business to Infosys

IndiaTimes of India — BENGALURU: Bank of America, which is one of the biggest technology customers of India’s $146-billion IT industry, is now again handing out business worth over $300 million to India’s second largest software exporter Infosys, after a brief drop in business volumes last year. According to Infosys’s latest quarterly report, the company now has a customer that contributes about $300 million of annual revenues.

http://timesofindia.indiatimes.com/tech/tech-news/BofA-now-giving-out-300-million-of-annual-business-to-Infosys/articleshow/48161079.cms

Infosys surges 11% after stellar Q1 performance, higher revenue guidance

IndiaTimes of India — MUMBAI: The stock of Infosys surged over 11% in early trade on Tuesday after the company said its net profit for the April-June quarter rose 5% to Rs 3,030 crore and under its new CEO, Vishal Sikka, who is just one year into the job, it has manage to win large orders. Under Sikka, the company has made some changes to its focus areas which include high-margin businesses like automation, artificial intelligence and digital technology.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-surges-11-after-stellar-Q1-performance-higher-revenue-guidance/articleshow/48156490.cms

Infosys To Offer Finacle In The SaaS Mode With Verizon

IndiaRTN Asia — Infosys said it will now offer the Finacle suite of software solutions on Verizon Cloud. Finacle is a software suite designed to run banks on, while Verizon cloud refers to an Internet-based platform offered by Verizon. Core bank software is usually not run on cloud computing infrastructure, particularly over public cloud platforms, due to security-related concerns.

http://rtn.asia/t-t/12535/infosys-to-offer-finacle-in-the-saas-mode-with-verizon

China Telecom, Infosys Are Among the Winners of Asia’s Best Analyst Days

APACMarket Wired — NEW YORK, NY: China Telecom, India’s Infosys and South Korea’s Samsung Electronics Co.are among the top-ranked companies in Institutional Investor’s inaugural ranking of Asia’s Best Analyst Days. To be successful, an analyst day — or capital markets day, as the events are sometimes called — must provide an opportunity for portfolio managers and sell-side researchers to get to know the executive teams of the companies they cover, learn about their short- and long-term objectives, gain a greater understanding of the business dynamics, and have their questions answered promptly and thoroughly.

http://www.sys-con.com/node/3349708

Infosys wins three deals abroad, from IN

IndiaNEW DELHI: IT major Infosys has bagged three deals from overseas clients which include two in the financial services space and one for managed services.  Croatia’s Hrvatska Postanska Banka (HPB) and Sharjah Islamic Bank (SIB) in the middle east have selected Infosys Finacle Payments solution for their business.  “The Finacle solution will also help HPB to comply with Single Euro Payments Area (SEPA) requirements and support Croatia’s harmonisation process with European Union regulations and Payment Service Directive,” Infosys said in a statement.

http://economictimes.indiatimes.com/tech/ites/infosys-wins-three-deals-abroad/articleshow/47736135.cms

Open Data Center Alliance Welcomes Board Members from China Unicom, Infosys and Intel

China.gifPORTLAND, Ore., May 26, 2015 /PRNewswire/ — The Open Data Center Alliance (ODCA), the global organization where members work together to advance the deployment of enterprise cloud solutions and services that are interoperable, secure and free of vendor lock-in, today welcomed three new members to its Board of Directors – Samson David of Infosys, Edward Goldman of Intel, and Wanjing Li, of China Unicom Group. The Alliance also introduced nine new member companies, bringing its general membership to an all-time high as the organization approaches its fifth anniversary.

http://www.virtual-strategy.com/2015/05/26/open-data-center-alliance-welcomes-board-members-china-unicom-infosys-and-intel#axzz3cDO0S3rn

Infosys creates special team to manage top clients

IndiaBENGALURU: Infosys has created a special team under direct supervision of chief executive Vishal Sikka to manage the top 15 customer accounts at India’s second largest software exporter. It is also in the process of completely revamping its core banking software Finacle, with heavy investments underway in the US. During an investor conference in New York, Sikka said Infosys has hired a new chief technology officer ( CTO) for its products business.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-creates-special-team-to-manage-top-clients/articleshow/47479410.cms

Infosys’s $20-billion 2020 vision gets Gartner’s backing

IndiaBENGALURU: Technology research firm Gartner believes Infosys is poised to win significant market share over the next two years and that the software major may be on course to reach its goal to become a $20-billion company by 2020. “We are confident in the company’s near-term to mid-term growth forecast, based on the growing pipeline, marked improvements in attrition levels that are positively influencing win rates and a more targeted message that is resonating well with clients,” Gartner analyst Sandra Notardonato said.

http://timesofindia.indiatimes.com/tech/tech-news/Infosyss-20-billion-2020-vision-gets-Gartners-backing/articleshow/47325708.cms

Bengaluru may get Infosys’s biggest centre

IndiaBENGALURU: Infosys has proposed a significant expansion of its operations in Bengaluru, adding about 21,500 seats at the Electronics City software hub by spending about Rs 2,000 crore. If the plan fructifies, it will make Karnataka’s capital the biggest centre for the company, surpassing Pune. The company, which ended March 2015 with revenue of Rs 53,319 crore ($ 8.7 billion), has submitted a proposal to the government seeking clearances. Information technology minister SR Patil told ET that the software company is keen to pursue its investment plans in Bengaluru and create new jobs.

http://timesofindia.indiatimes.com/tech/tech-news/Bengaluru-may-get-Infosyss-biggest-centre/articleshow/47188219.cms

Will Indian IT firms like Infosys, TCS & Wipro be able to sustain growth by pivoting to new market segments?

IndiaThe bloom is coming off the rose for many Indian IT services firms. Over the past decade, India created a wealth-generating “engine” of innovation and an industrialised services model. That disruptive model took the world by storm. It humbled industry giants, bringing once-great firms such as EDS and CSC to their knees and forcing other great firms such as IBM and Accenture to adopt India’s model. Large Indian firms such as Cognizant, Infosys, TCS and Wipro  became global leaders. The engine built a $100 billion-plus services industry that sheltered a generation of IT talent and placed India squarely in the centre of the knowledge economy.

http://economictimes.indiatimes.com/tech/ites/will-indian-it-firms-like-infosys-tcs-wipro-be-able-to-sustain-growth-by-pivoting-to-new-market-segments/articleshow/47133219.cms

Infosys acquires US firm Kallidus for $120 million

IndiaBENGALURU: Infosys has acquired US-based digital experience solutions company Kallidus for $120 million that includes a deferred component and retention bonus. Kallidus offers including mobile commerce and in-store shopping experiences to large retail clients. It develops and host mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store and all emerging channels.  The latest acquisition is Bengaluru-based IT company’s second acquisition this year.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-acquires-US-firm-Kallidus-for-120-million/articleshow/47038608.cms

Infosys eyeing startups, sees over $1 billion revenue boost

IndiaBENGALURU: Infosys is set to identify and incubate about a dozen new ideas that could potentially bring $100 million (about Rs 620 crore) each and a total of over a billion dollars in incremental revenue annually over the next few years, as part of a strategy being spearheaded by CEO Vishal Sikka to propel growth at India’s second largest software exporter.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-eyeing-startups-sees-over-1-billion-revenue-boost/articleshow/46835291.cms

Vishal Sikka’s strategy sees Infosys shift focus to Internet of Things and artificial intelligence

IndiaBENGALURU: Infosys is set to identify and incubate about a dozen new ideas that could potentially bring $100 million (about Rs 620 crore) each and a total of over a billion dollars in incremental revenue annually over the next few years, as part of a strategy being spearheaded by CEO Vishal Sikka to propel growth at India’s second largest software exporter. The company is in the process of identifying new ideas after zeroing in on areas such as artificial intelligence, automation and Internet of Things, two people directly familiar with the strategy said on the condition of anonymity.

http://economictimes.indiatimes.com/tech/ites/vishal-sikkas-strategy-sees-infosys-shift-focus-to-internet-of-things-and-artificial-intelligence/articleshow/46830508.cms

TCS, Infosys, HCL Tech, Tech Mahindra in race to buy US-based IT firm: Sources

IndiaWhile the Indian IT firms are getting aggressive in buying smaller ticket size companies in the US, sources with direct knowledge share that one such candidate, Sierra-Cedar with HQ in Georgia, US is close to launching a sale process soon. Valuation expectation for a complete sale of Sierra-Cedar is pegged at around $350 million, a source said.

http://timesofindia.indiatimes.com/tech/tech-news/TCS-Infosys-HCL-Tech-Tech-Mahindra-in-race-to-buy-US-based-IT-firm-Sources/articleshow/46747210.cms

Infosys, Accenture in last lap for Rs 900-crore deal in Australia

AustraliaBENGALURU: Infosys and Accenture have entered the final lap to clinch a Rs 900-crore ($150 million) IT outsourcing contract from Australia-based financial services provider Macquarie Group. The five-year contract will include application development, testing and infrastructure management services (IMS), said sources privy to the development.  Macquarie provides banking, financial, advisory, investment and funds management services. It employs more than 13,900 people in 28 countries.

http://economictimes.indiatimes.com/tech/ites/infosys-accenture-in-last-lap-for-rs-900-crore-deal-in-australia/articleshow/46660203.cms

Infosys mulls Rs 750-crore investment in startups in Silicon Valley, Israel & India

IndiaBENGALURU: Infosys plans to allocate a quarter of its $500-million (about Rs 3,000 crore) fund to invest in startups in Silicon Valley, Israel and India along with venture capital firms. India’s second-largest software services exporter has had discussions with about two dozen VC firms, including Andreessen Horowitz, for such investments, two people familiar with Infosys’ strategy said, requesting anonymity. “There are no formal agreements with any particular VCs. The strategy is to back startups and entrepreneurs with ideas that align with the company,” one of them said. “The idea is not just to be a passive financial investor but take disruptive solutions to customers.”

http://economictimes.indiatimes.com/tech/ites/infosys-mulls-rs-750-crore-investment-in-startups-in-silicon-valley-israel-india/articleshow/46656283.cms

Indian IT’s fight to stay relevant

IndiaIt’s been a decade and a half since the Indian IT industry began its ascendancy into the IT services stratosphere, quickly becoming a key supplier of much of the world’s IT-related software services needs. Today, it is a $100 billion-plus industry, with around $35 billion of business emanating from the US alone. But as it wends its way along the evolutionary path, some things have been made clear to even the casual observer:

http://www.zdnet.com/article/indian-its-fight-to-stay-relevant/