Acquisition to augment Infosys Cobalt portfolio of cloud
services and further strengthen nearshore delivery presence in
Europe
BENGALURU, India and
PRAGUE, Sept. 14, 2020 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced a definitive
agreement to acquire GuideVision, one of the largest ServiceNow
Elite Partners in Europe.
GuideVision is an award winning enterprise service management
consultancy specialised in offering strategic advisory, consulting,
implementations, training and support on the ServiceNow
platform.
GuideVision's end-to-end offerings, including SnowMirror - a
proprietary smart data replication tool for ServiceNow instances -
enables over 100 enterprise clients to simplify complex business
and IT processes. GuideVision's training academy and nearshore
capabilities in Czech Republic,
Hungary, Poland, and presence in Germany and Finland will strengthen Infosys' ServiceNow
capabilities for its clients in Europe.
ServiceNow is one of the fastest growing enterprise software
companies, and is becoming an 'essential service' and workflow
standard for organizations. Infosys was recognized by ServiceNow as
the 2019 and 2020 ServiceNow Global Service Provider Partner of the
Year.
Ravi Kumar, President,
Infosys, said, "This acquisition is an important milestone
in our journey to build capabilities relevant to the digital
priorities of our clients. This move reaffirms our commitment to
the growing ServiceNow ecosystem. The combination of scalable and
agile nearshore capabilities of GuideVision in Europe, and
their unmatched delivery excellence, complements our own effort to
help global enterprises navigate their next. We are excited to
welcome GuideVision and its leadership team into the Infosys
family."
Narsimha Rao Mannepalli, EVP
and Head - Cloud & Infrastructure, Infosys, said,
"GuideVision's addition is another significant step towards
strengthening our Infosys Cobalt offerings portfolio, bringing the
combination of services, solutions and platforms, that acts as a
force multiplier for cloud-powered enterprise transformation. Our
recently announced Infosys Cobalt portfolio has a large repository
of ServiceNow Industry Cloud solutions like ESM Café, and this will
now be bolstered by GuideVision's SnowMirror suite of Industry
templates."
Norbert Nagy, Co-Founder,
GuideVision, said, "GuideVision's exceptionally high
customer ratings are the result of our continuous effort to deliver
superior consulting and implementation services. Joining Infosys
brings an extended portfolio of services we can offer to our
customers on their digital transformation journey. The global
Infosys footprint is an exciting opportunity for both GuideVision
customers and employees."
Pavel Muller, Co-Founder,
GuideVision, added, "We are happy to become a part of the
Infosys family and we strongly believe that the shared underlying
values are a great foundation for our common goals in the future.
Our combined expertise will further drive our customers' digital
transformation in the European market."
The acquisition is expected to close during the third quarter of
fiscal 2021, subject to customary closing conditions.
ServiceNow, Now Platform and others are among the trademarks of
ServiceNow, Inc.
About
Guidevision
GuideVision is a dynamic and progressive consultancy committed
to enabling clients to reimagine and transform their enterprise
service management with ServiceNow. GuideVision offers a unique
combination of strategic expertise, innovative technological
knowledge and agile methodology. Our mission is to make ServiceNow
work for you and your goals. www.guidevision.eu
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in 46 countries to navigate their
digital transformation. With nearly four decades of experience in
managing the systems and workings of global enterprises, we
expertly steer our clients through their digital journey. We do it
by enabling the enterprise with an AI-powered core that helps
prioritize the execution of change. We also empower the business
with agile digital at scale to deliver unprecedented levels of
performance and customer delight. Our always-on learning agenda
drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our
innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders are
forward-looking statements 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 COVID-19 and the effects of government and
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United
States and other countries around the world, changes in
political, business, and economic conditions, 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,
unauthorized use of our intellectual property and general economic
conditions affecting our industry and the outcome of pending
litigation and government investigation. 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, 2020. These filings are
available at 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. 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.
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