BENGALURU, India, Sept. 12,
2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE:
INFY) (NYSE: INFY), a global leader in next-generation digital
services and consulting, today announced a strategic multi-year
collaboration with STARK Group, Europe's largest retailer and distributor of
building materials, to power its digital transformation journey
leveraging the recently launched Infosys Topaz, an AI-first
set of services, solutions and platforms using generative AI
technologies. As part of this collaboration, Infosys and
STARK Group will establish a state-of-the-art data center in
Denmark, which will serve as the
foundation to drive technological advancements and provide seamless
services to STARK Group's offices across Europe.
Infosys will adopt an 'AI first' approach powered by Infosys
Topaz, to empower STARK Group with AI-driven operational
efficiencies and service quality. Additionally, Infosys will
utilize its Live Enterprise Application Management Platform (LEAP),
a cloud-enabled platform, and part of Infosys Cobalt, to provide
NextGen Application Management Services and help drive automation
in STARK Group's IT landscape with an objective to continuously
improve and innovate their IT operations. Infosys will further aim
to enable STARK Group to improve cost and operation efficiency and
help them scale across multiple geographies.
Pernille Geneser, Group CIO,
STARK Group, commented, "We at STARK Group are excited to
announce our collaboration with Infosys as we embark on a
transformation journey to deliver state-of-the-art and future-fit
IT services to our colleagues in the Nordics, Austria, Germany and UK. With Infosys' expertise, we
look forward to enhancing the quality of our offerings and
kickstarting many new innovations."
Karmesh Vaswani, EVP & Global Head Retail, Consumer Goods
& Logistics, Infosys, said, "We are thrilled to embark on
this transformative multi-year collaboration with the STARK Group,
aimed at driving digital transformation. Leveraging our
cutting-edge technologies, including Infosys Topaz and our
cloud-enabled platform LEAP, we are confident that this
collaboration will bring unparalleled value and innovation to Stark
Group. Together, we look forward to shaping a future of success,
growth, and shared achievements in the digital landscape. This
collaboration further strengthens Infosys' prominence in the
Nordics region."
Recently, Infosys announced a strategic collaboration with
Danske Bank to power the bank's digital transformation, which
further enhanced Infosys' localization strategy in the Nordics.
Earlier, Infosys had acquired BASE Life Science in
Denmark and Fluido in
Finland. This relationship with
STARK Group further signifies Infosys' increasing prominence
in the Nordics region and exemplifies its commitment to help
clients in the region accelerate their digital
transformation.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance 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 or outcomes 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 the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March
31, 2023. 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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