BANGALORE, India and
MARSEILLE, France, September 18, 2017 /PRNewswire/ --
- Seven-year partnership with Infosys to enhance
CMA CGM's customer service
experience
- Infosys to establish a Delivery Center in
Marseille to
attract and enhance local expertise
The CMA CGM Group, a world leader in container shipping, and
Infosys (NYSE: INFY), a global leader in consulting, technology and
next-generation services, today announced a strategic seven-year
partnership which will simplify and transform CMA CGM's IT
applications and improve customer service experience.
(Logo:
http://photos.prnewswire.com/prnh/20130122/589162 )
As part of the agreement, and at the request of CMA CGM, Infosys
will open a Delivery Center (DC) in Marseille, which will become a key hub
attracting and enhancing local expertise.
Infosys will also acquire CMA CGM's Innovation and Delivery
Center in Dubai, UAE, expanding
its footprint in the Middle
East.
Through this partnership:
- Infosys will provide CMA CGM with the skills required to
maintain its applications and develop its SAP projects. Infosys
will also provide CMA CGM with new high value-added technologies
that will improve its agility and responsiveness.
- As part of its ongoing digital transformation, CMA CGM will use
Infosys Nia's artificial intelligence platform and its scalable
automation platform, AssistEdge, to revamp its customer service,
improve process execution and enhance internal performance.
These new systems will allow CMA CGM to be more flexible and
innovative in a dynamic industry.
Rajesh Krishnamurthy, President and Head of
Europe, Infosys, said,
"Simplifying the technology footprint and leveraging
next-generation technologies is the need of the hour for the
hyper-competitive shipping and logistics industry. We look forward
to helping CMA CGM leapfrog to the next-generation of software-led
business innovation which is customer friendly, cost effective and
flexible. Infosys is keen to leverage its logistics industry
experience and assist CMA CGM with its business transformation
journey."
Rodolphe Saadé, CEO, CMA
CGM, said, "Innovation and digitalization are at
the heart of our strategy. Our ambition is to create a competitive
advantage by offering our customers state-of-the-art technologies.
The partnership with Infosys is key to attaining this objective. By
setting up their Center for Innovation in Marseille, CMA CGM, as well as the region,
will benefit from both their expertise and their proximity."
About CMA CGM
CMA CGM, founded by Jacques R. Saadé, is a leading
worldwide shipping group. Its 445 vessels call more than 370 ports
in the world on all 5 continents. In 2016, they carried 15.6
million TEUs (twenty-foot equivalent units). Now headed by
Rodolphe Saadé, CMA CGM enjoys a continuous growth and keeps
innovating to offer its customers new maritime, terrestrial, and
logistical solutions. With a presence in 160 countries and through
its 600 agencies network, the Group employs 29,000 people
worldwide, including 2,400 in its headquarters in Marseille.
Follow the CMA CGM Group on
Twitter: https://twitter.com/cmacgm
Facebook: https://www.facebook.com/cmacgm
YouTube:
https://www.youtube.com/channel/UCAMAVVaqikbzeE3znzw6lVQ
LinkedIn: https://www.linkedin.com/company/cma-cgm
Instagram: http://instagram.com/cmacgm/
About Infosys
Infosys is a global leader in technology services and
consulting. We enable clients in 45 countries to create and execute
strategies for their digital transformation. From engineering to
application development, knowledge management and business process
management, we help our clients find the right problems to solve,
and to solve these effectively. Our team of 198,000+
innovators, across the globe, is differentiated by the imagination,
knowledge and experience, across industries and technologies that
we bring to every project we undertake.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can
help your enterprise thrive in the digital age.
Safe Harbor
Certain statements in this press release concerning our future
growth prospects are forward-looking statements regarding our
future business expectations intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
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, 2017. 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.
In addition, please note that any forward-looking statements
contained herein are based on assumptions that we believe to be
reasonable as of the date of this press release. 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.
Disclosure under SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015: -
Name of the target entity CMA Systems FZ-LLC
Whether the acquisition would fall No
within related party
transaction(s) and whether the
promoter/ promoter group/ group
companies have any interest in the
entity being acquired?
Industry to which the entity being Information Technology
acquired belongs
Objects and effects of acquisition As part of a strategic program spanning seven years
that will help simplify and transform the CMA CGM's
(a leading worldwide shipping group) IT
applications, Infosys is purchasing 100% of the
shareholding of CMA Systems FZ-LCC which is CMA
CGM's remote IT support and development center in
Dubai
Any governmental or regulatory Yes, approval of Dubai Creative Clusters Authority
approvals required for the will be required for the consummation of the
acquisition transaction
Indicative time period for The transaction is expected to close during the
completion of the acquisition third quarter of fiscal 2018, subject to customary
closing conditions
Nature of consideration Cash
Cost of acquisition or the price US Dollar 1
at which the shares are acquired;
Percentage of holding 100% of the share capital
Brief Background Incorporated on 27 September 2007 as a Free Zone
Company with limited liability under the provisions
of the Dubai Technology & Media Free Zone Private
Companies Regulations 2003 (currently known as
Dubai Creative Clusters Authority).
100% subsidiary of CMA CGM SA (a company registered
in France). Business operations in Dubai.
Offerings: Remote IT Application support and
development for CMA CGM
SOURCE Infosys