BANGALORE, India -
- Oil and Gas Company Leverages Infosys Industry Expertise and Technology Leadership
Infosys Technologies will manage and operate a large portion of business systems for BP, one of the world’s largest oil and gas companies, under the terms of a five-year applications outsourcing and support agreement.
Over the last 12 months, BP has undertaken a programme to consolidate its information technology (IT) vendors for application development and application maintenance (ADAM). BP had a rigorous procurement selection process which assessed Infosys on capability, oil and gas sector knowledge and cost. Infosys met these criteria and has demonstrated ability to support BP’s agenda of IT simplification and standardization to facilitate corporate efficiency.
Dana Deasy, BP Group CIO, said, “I’m pleased to have selected Infosys as one of our strategic ADAM vendors. In awarding Infosys ADAM work for our Integrated Supply and Trading and Exploration and Production businesses, we look to leverage its capability and knowledge of the Oil and Gas sector. This agreement will enable BP to reduce complexity, standardize work processes, and lower our overall cost base.”
Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies, said, “Infosys has a long standing relationship with BP, delivering consulting and technology services. We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement.”
BP Notes to Editors
BP is one of the world’s largest oil and gas companies, serving millions of customers every day in more than 100 countries across six continents. BP’s business segments are Exploration and Production; Refining and Marketing; and Alternative Energy, its low-carbon energy business. Through these activities, BP provides fuel for transportation; energy for heat and light; retail services; and petrochemicals products for textiles and packaging.
About Infosys Technologies Limited
Infosys Technologies Limited (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 103,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.
Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov Opens in new window including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For further information please contact: Americas Asia Pacific Daylan Burlison Bani Paintal Dhawan Infosys Technologies Ltd, US Infosys Technologies Ltd, India Phone: +1-646-254-3141 Phone: +91-80-3913-4511 Daylan_Burlison@infosys.com Bani_Dhawan@infosys.com Australia EMEA Cristin Balog Antonia Maneta Infosys Technologies Ltd, Australia Infosys Technologies Ltd, UK Phone: +61-3-9860-2277 Phone: +44(0)207-715-3499 Cristin_Balog@infosys.com Antonia_Maneta@infosys.com
Source: Infosys Technologies Ltd.
Americas: Daylan Burlison, Infosys Technologies Ltd, US, Phone: +1-646-254-3141,
Daylan_Burlison at infosys.com; Asia Pacific: Bani Paintal Dhawan, Infosys Technologies Ltd, India, Phone: +91-80-3913-4511, Bani_Dhawan at infosys.com; Australia; Cristin Balog, Infosys Technologies Ltd, Australia, Phone: +61-3-9860-2277, Cristin_Balog at infosys.com; EMEA:
Antonia Maneta, Infosys Technologies Ltd, UK, Phone: +44(0)207-715-3499, Antonia_Maneta at infosys.com
Related Press Releases
Infosys Technologies CEO to Keynote at Oracle OpenWorld 2009September 30th, 2009 BANGALORE, India -
Industry: Enterprise Solutions Spotlight: Oracle OpenWorld 2009 Domain: Oracle Software News Highlights - Bangalore, India - October 1, 2009: Infosys Technologies' CEO S. Gopalakrishnan will be keynoting at Oracle(R) OpenWorld 2009.
Infosys Technologies' Siebel Business Process Testing Solution is Named 'Partner Solution Offering of the Year' at HP Software Universe 2009September 22nd, 2009 BANGALORE, India -
Infosys Technologies Limited (Nasdaq: INFY) today announced its Siebel Business Process Testing (BPT) solution was recognized by HP as the "Partner Solution Offering of the Year" at the recently concluded HP Software Universe 2009. The Siebel BPT Solution enables customers to maximize their investments in existing and planned Siebel functional testing environments.
ThromboGenics is Shortlisted for "Biotech Company of the Year" and "Licensing Deal of the Year" at Scrip Awards 2009September 10th, 2009 LEUVEN, Belgium -
- ThromboGenics' Significant Achievements Over the Last Year are Recognised in Nominations
ThromboGenics NV (Euronext Brussels: THR), a biotechnology company focused on the discovery and development of innovative treatments for eye disease, vascular disease and cancer, announced today that it has been shortlisted for both the "Biotech Company of the Year" and "Licensing Deal of the Year" awards at the Scrip Awards 2009. These nominations recognise the transformational year that ThromboGenics has had, and the progress it has made toward becoming a profitable, integrated Company focused on cutting edge ophthalmic medicines.
Independent Research Firm Names Infosys Technologies as a Leader In SAP ImplementationAugust 10th, 2009 BANGALORE, India -
- Investments and Vision for Market, Strong Implementation Practice and Very Strong Client References Contribute to Placement
Infosys Technologies Limited (Nasdaq: INFY) today announced that it was named a leader among SAP implementation providers in the August 2009 Forrester Research, Inc. report, "The Forrester Wave(TM): SAP Implementation Providers, Q3 2009".
Finacle From Infosys Positioned in Leaders Quadrant in Magic Quadrant for International Retail Core Banking 2009July 14th, 2009 BANGALORE, NEW YORK and LONDON - Infosys today announced that Gartner, Inc. has positioned Finacle(TM) core banking solution in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core Banking (IRCB)' report.
Infosys Technologies (NASDAQ: INFY) Announces Results for the Quarter Ended June 30, 2009July 9th, 2009 BANGALORE, India -
- Q1 Revenues Declined by 2.9% Year on Year; Sequentially Grew by 0.1%
Highlights
Consolidated results for the quarter ended June 30, 2009
Revenues were $ 1,122 million for the quarter ended June 30, 2009; YoY decline was 2.9%
- Net income after tax was $ 313 million for the quarter ended June 30, 2009; YoY growth was 1.6% - Earnings per American Depositary Share (ADS) increased to $ 0.55 from $ 0.54; YoY growth of 1.9%
"We believe that in the short term the global economic environment will continue to be challenging," said S. Gopalakrishnan, CEO and Managing Director.
blinkx CEO Named Executive of the Year Finalist for 2009 American Business Awards(SM)May 19th, 2009 SAN FRANCISCO - 7th annual Stevie(R) Awards will be presented on June 22 in New York City
blinkx, the world's largest and most advanced video search engine, today announced that Founder and CEO Suranga Chandratillake has been selected as a finalist for the 2009 American Business Awards in the Executive of the Year category for Media & Entertainment. "It's a great honor to be nominated by The American Business Awards' Board of Distinguished Judges and Advisors as an Executive of the Year," said Suranga Chandratillake, founder and CEO, blinkx.
WATER STANDARD Receives 2009 Global Water AwardMay 11th, 2009 HOUSTON - WATER STANDARD, a global vessel-based water desalination company, was honored with the "Desalination Deal of the Year" award at Global Water Intelligence's Global Water Awards Ceremony held Monday, April 27, 2009 in Zurich, Switzerland. The award recognizes WATER STANDARD's contribution to "redefining an industry" and acknowledges WATER STANDARD's achievement in securing commitments of up to US$250 million in funding towards the development and construction of the first in its fleet of Seawater Desalination Vessels (SDV), an unprecedented achievement in the desalination sector.
TAM is Awarded for Quality in Securing Financing for Its Aircraft FleetMay 3rd, 2009 SAO PAULO - Airfinance Journal presented its 'Latin America Deal of the Year' award in recognition of the company's team as the best in the world
TAM (NYSE: TAM; Bovespa: TAMM4) was given a double award by Airfinance Journal last week in recognition of high quality in the financing operations that it took part in last year for the aircraft in its fleet. The Latin America Deal of the Year 2008 award was presented to the company based on two agreements reached with different international financial institutions.
Infosys BPO Listed as a Top Enterprise Provider in FAO Today's Annual SurveyApril 27th, 2009 BANGALORE, India - The Survey Identifies and Ranks Companies in the FAO Domain Based on Quality of Service, Breadth of Service and Size of Engagement
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies has been ranked fourth in the annual survey 'FAO Enterprise Provider Bakers Dozen' undertaken by FAO Today for the year 2008. The survey ranks top companies in the domain of Enterprise Finance and Accounting (F&A) outsourcing, on parameters of breadth of service, quality of service and deal size.
Related News
Infosys looking at overseas acquisitionsAugust 5th, 2009 KOLKATA - IT major Infosys Technologies is looking at acquisitions in Europe, Latin America, the Middle East, Japan and Australia, a top company official said here Wednesday. "The size of the company should be around $450-500 million," Infosys chief executive and managing director S.
CISF to guard Infosys complex in BangaloreAugust 1st, 2009 BANGALORE - Infosys Technologies (Infosys) has availed the security cover facilitated by the Central Industrial Security Force (CISF) for its vast complex located in Bangalore. A formal function to herald this service was held at the Infosys campus here on Friday.
Five Infosys employees die in Karnataka road accidentMay 21st, 2009 BANGALORE - Five employees of Infosys Technologies were killed in a road accident in Karnataka's Belgaum district Thursday, police said. The incident took place after the driver lost control over the KSRTC (Karnataka State Road Transport Corporation) Airavatha bus carrying 43 Infosys employees at Hukkeri Taluka in Belgaum, northern Karnataka, 480 km from here.
West Bengal scraps Infosys, Wipro projectsSeptember 7th, 2009 KOLKATA - The projects proposed by Infosys Technologies and Wipro in a township just outside the state capital has been scrapped, the West Bengal government informed the two IT majors Monday. The projects were to come up in the proposed IT township at Rajarhat near Salt Lake but had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.
Sonia gets a chance to 'bunk political classes'!September 15th, 2009 MYSORE - Overwhelmed by the sprawling, state-of-the-art campus of IT bellwether Infosys, Congress president Sonia Gandhi Tuesday repeatedly said it gave her an opportunity to "bunk political classes" for a little while. Gandhi visited the Infosys Technologies Ltd campus here to inaugurate the Global Education Centre (GEC-II), the latest infrastructural addition to the IT giant meant for training its new recruits.
Infosys hires 3,538 people in first quarterJuly 10th, 2009 BANGALORE - Undeterred by the impact of the global meltdown on its revenue and profits, IT bellwether Infosys Technologies and its subsidiaries hired 3,538 people in the first quarter of this fiscal. With retention remaining high, the company and its subsidiaries saw a net decline of 995 employees during the quarter under review as against a net addition of 1,772 in the previous quarter and 3,192 in the year-ago period.
Infosys opens corporate education centre in MysoreSeptember 15th, 2009 MYSORE - United Progressive Alliance (UPA) chairperson Sonia Gandhi Tuesday inaugurated a world-class corporate education centre of Infosys Technologies at its Mysore campus. The facility is an extension of the IT major's Global Education Centre (GEC), which was inaugurated by Prime Minister Manmohan Singh in February 2005.
ICICI Bank's Kamath joins Infosys as directorMay 2nd, 2009 BANGALORE - Infosys Technologies Ltd appointed K.V. Kamath, non-executive chairman of ICICI Bank, as an additional director to its board, the IT bellwether said Saturday.
Amartya Sen to chair Infosys Foundation jury for social sciencesJuly 15th, 2009 BANGALORE - Nobel laureate Amartya Sen will chair a five-member jury of the Infosys Science Foundation, set up by IT bellwether Infosys Technologies Ltd, to select winners for its awards in five science disciplines, the company said Wednesday. Sen will chair the jury for social sciences.
Sonia inaugurates Infosys education centre in MysoreSeptember 15th, 2009 MYSORE - Sonia Gandhi, chief of India's ruling Congress Party, today inaugurated a world-class corporate global education centre of Infosys Technologies in Mysore. The facility is an extension of the IT major's Global Education Centre (GEC), which was inaugurated by Prime Minister Manmohan Singh in February 2005.
