Broadens Senior Management Team
Infosys (NASDAQ: INFY) today announced that the company has
reorganized its business units to anticipate changes in the global IT
Industry and differentiate vis-a-vis its competitors. The
reorganization, effective November 2007, will help Infosys enhance the
"One Infy" experience and will in turn deepen Infosys´
transformational capabilities. The restructuring will also help
Infosys broaden its customer base and strengthen its current portfolio
through scale benefits. The new opportunities will leverage the
strengths of the next generation of leaders at Infosys.
Highlights:
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-- Infosys business units realigned: Forms 6 vertical Industry
Business Units (IBUs) and 5 Horizontal Business Units (HBUs) that
cut across all the vertical units
-- The European business has been divided into industry verticals,
which will be integrated within the proposed IBUs
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Industry Business Units (IBUs) Horizontal Business Units (HBUs)
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Banking and Capital Markets Consulting Solutions (CS)
(BCM)
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Communications Media and Enterprise Solutions (ES)
Entertainment (CME)
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Energy, Utilities and Services Infrastructure Management Services
(EUS) (IMS)
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Insurance, Healthcare and Life Product Engineering and Testing
Sciences (IHL) Services (PETS) - PED, PLES, IVS
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Manufacturing (MFG) Systems Integration (SI)
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Retail, Consumer Product Goods
and Logistics (RETL)
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New Growth Engines (NGE)
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India Business Unit (IND)
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-- Increased focus on growth markets: The New Growth Engines (NGE)
unit has been formed to expand business in Australia, China, Japan,
Middle East, Canada, South America and Latin America
-- Separate business unit to focus on India: To tap the growing
domestic market
-- Increased focus on delivery excellence: To be headed by Srinath
Batni, Member of the Board
-- Consolidate consulting skills: Infosys Consulting (IC), the
existing Domain Competency Group (DCG) and various solutions groups
within units will become part of Consulting Solutions (CS) to
create, deliver and coordinate global best practices for enhanced
solutions to all our customers
-- Consolidated sales and marketing functions: To synergize its focus
on sales and marketing, Infosys will consolidate the sales
effectiveness, marketing, alliances and Strategic Global Sourcing
(SGS) functions under Corporate Sales and Marketing
-- Increased focus on R&D and commercialization of IP
-- Broaden Senior Management Team: An Executive Council (EC), chaired
by the CEO, has been constituted and it consists of the CEO, COO,
CFO, executive board members and select unit heads
-- Increased participation of younger leaders in company strategy:
Budding leaders below the age of 30 will be part of the management
council of the business units
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Commenting on the advantages of restructuring, Mr. Kris
Gopalakrishnan, CEO and Managing Director, Infosys Technologies said,
"Over the last several years, Infosys has grown significantly and has
been universally recognized as a highly customer-focused, world-class
corporation. Today, we are at the cusp of becoming a USD 4 billion
organization. There is a need to realign to create a structure that
can meet the new challenges of our strategic direction, increased
customer expectations and higher levels of competition. I am confident
that this reorganization will enable us to compete better in the
global markets."
About Infosys Technologies Ltd.
Infosys (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 80,000 employees in over 40 offices worldwide. Infosys is
part of the NASDAQ-100 Index. For more information, visit
www.infosys.com
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 statements include, but are not limited
to, statements made in relation to our ability to anticipate changes
and compete in the global IT industry and those made in relation to
the proposed business reorganization enhancing our ability to leverage
growing business opportunities; deepen our customer base and
strengthen our current portfolio; and expand our business in
Australia, China, Middle East, Canada, South America, Latin America,
India, the United States and Europe. These and other forward-looking
statements made in connection with this release are subject to risks
and uncertainties including those described in our SEC filings
available at www.sec.gov including our Annual Report on Form 20-F for
the year ended March 31 2007, our quarterly report on Form 6-K for the
quarter ended June 30, 2007 and 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.
