The company commits to growing its local
workforce to 500 employees over the next four years
SOFIA, Bulgaria, Nov. 3, 2023 /PRNewswire/ -- Infosys (NSE:
INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced a new proximity
center in Sofia, Bulgaria as part
of its continued growth in Europe.
In line with Infosys' strategy to amplify human potential hiring
local talent, the new state of the art center will enable Infosys
to attract, re-skill, and up-skill 500 new employees. Over the
course of the next four years, these new employees will work on
global opportunities around next-gen digital technologies
including Infosys Cobalt Cloud Solutions, Infosys
Topaz AI & Automation, Data and Insights, IoT, 5G, and
software engineering.
![Infosys_Logo Infosys_Logo](https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg)
Bulgaria has built a reputation
as an attractive market for IT development thanks to its advanced
IT infrastructure, strong pool of local IT specialists and
excellent IT knowledge. Located in the nation's capital, this
center will provide an ideal environment for companies spanning
various sectors such as financial services and retail, both within
Bulgaria and throughout
Europe, to convene and drive
digital transformation efforts. Partnering with these
organizations, the center will serve as a hub for ideating,
incubating, creating, and scaling innovative emerging
technology-based solutions.
Serving global and European customers, the center will support
customers accelerate their AI and Cloud-led digital journeys and
will further strengthen Infosys' existing client relationships in
Europe, particularly in
manufacturing, retail and financial services sectors. Infosys will
also use this center to rapidly scale up teams across digital and
analytical capabilities as well as SAP and cloud.
Milena Stoycheva - Minister of
Innovation and Growth, Bulgarian Government, said, "The opening
of the new Centre in Sofia is a
testament to Infosys' commitment to fostering talent in our
country. With a commitment to employing a 500 strong workforce over
the next four years, we're excited to see the company contribute to
our local economy and bring new skills and opportunities for talent
working in the technology sector."
Kosta Cholakov, Chief
Executive Officer, DZI
Insurance, said, "Infosys is one of our strategic
partners on our digital transformation journey and we're thrilled
to see Infosys expand its presence to Bulgaria, moving ever closer to its clients.
We look forward to continuing collaborating together driving
innovation with next generation technologies throughout our
organization, underpinned by the wealth of talent and
expertise."
Dinesh Rao, Executive Vice President,
Co-Head of Delivery, Infosys, said, "We are dedicated to
continuing to grow our footprint in Europe to bring our capabilities, skills and
expertise ever closer to our clients. Bulgaria is renowned for its excellent IT
talent, and we're excited to build an exemplary workforce that
meets the demands for next generation skills and solutions, with a
focus on catalyzing progress of our client's AI and cloud first
transformation. Bringing together the strength of local talent with
our industry-leading expertise and innovation we're confident the
new center will serve as a hub of innovation to help shape digital
Europe."
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 the cloud. We enable them with an
AI-powered 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: INFY)
(BSE: INFY) (NYSE: INFY) can help your enterprise navigate
your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or Infosys' 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.
For more information, please contact:
Dena Tahmasebi
Director of Communications EMEA
Infosys
Dena.tahmasebi@infosys.com
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