Infosys to Implement its Cobalt-powered IaaS Solution for Select Portfolio Servicing Inc. in Collaboration with Hitachi Vantara
PR90926
BENGALURU, India, July 29, 2021 /PRNewswire=KYODO JBN/ --
Infosys [https://www.infosys.com/] (NSE: INFY) (BSE: INFY) (NYSE: INFY),
the global leader in next-generation digital services and consulting, today
announced the renewal of its strategic collaboration with Select Portfolio
Servicing Inc [https://www.spservicing.com/]. (SPS) to implement its
Cobalt-powered infrastructure as a service (IaaS) solution in collaboration
with Hitachi Vantara [https://www.hitachivantara.com/en-in/home.html]. Through
this engagement, Infosys will offer SPS next-generation hybrid cloud,
infrastructure services, and application services for the next five years.
As SPS' strategic partner, Infosys will leverage its Cobalt
[https://www.infosys.com/services/cloud-cobalt.html] portfolio to design,
build, operate, and automate a robust and resilient private cloud
infrastructure as a service with on-demand flexibility and scalability.
Furthermore, Infosys intends to implement hybrid cloud to maximize data centre
flexibility underpinned by enhanced disaster recovery and security posture.
Murali S. Palanganatham, Chief Information Officer at Select Portfolio
Servicing, Inc. stated, "We have forged a strong collaboration with Infosys
over the years, which has enabled us to leverage a repertoire of services &
capabilities encompassing Application development, IT operations, IaaS, SaaS
and Security. By resorting to Infosys' Cobalt solutions and leveraging their
expertise in integrated infrastructure, applications, IT operations and
services, we intend to continuously scale, increase performance, enhance
flexibility of our technology ecosystem, and streamline IT operations,
augmented by automation."
Narsimha Rao Mannepalli, Executive Vice-President, Head of Cloud &
Infrastructure Solutions, Infosys, said, "Being future-ready is key to survive
and compete in the current business environment. We are excited to extend our
collaboration with SPS and explore new avenues for leveraging our Cobalt
portfolio to address a range of technology needs on-demand in an efficient,
timely, and agile manner."
Mark Ablett, Chief Revenue Officer, Hitachi Vantara, said, "We are thrilled
to utilize our EverFlex infrastructure as-a-service offering in partnership
with Infosys to design and operate a modern and resilient hybrid cloud
transformation for SPS's regulated financial workloads. The ability to deliver
a flexible consumption model for new storage and data services will enable SPS
to innovate at scale and quickly address the needs of their growing customer
base."
About Infosys
Infosys is a global leader in next-generation digital services and
consulting. We enable clients in more than 50 countries to navigate their
digital transformation. With over 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 (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,
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, 2021. 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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Source: Infosys
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