PR85574

BENGALURU, India and PRAGUE, September 14 /PRNewswire=KYODO JBN/ --

- Acquisition to augment Infosys Cobalt portfolio of cloud services and further

strengthen nearshore delivery presence in Europe

    Infosys (NYSE: INFY)[https://www.infosys.com/ ], a global leader in

next-generation digital services and consulting, today announced a definitive

agreement to acquire GuideVision [http://infosys.guidevision.eu/], 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.

    Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg 

    Source: Infosys