Bangalore, India (ots/PRNewswire) -
Agreement creates world-class team to accelerate transformation
and
innovation-led growth
Infosys, a global leader in consulting and technology, today
announced it has completed the acquisition of Lodestone Holding AG, a
leading management consultancy based in Switzerland.
The acquisition is in accordance with the terms set out in the
agreement announced on September 10 [http://www.infosys.com/newsroom
/press-releases/Pages/infosys-to-acquire-lodestone.aspx ]. The deal
strengthens the management consulting capabilities of Infosys around
the world, adding more than 750 experienced consultants and 200
clients in wide-ranging areas such as manufacturing and the
automotive and life sciences industries.
"Our clients are looking for help driving the transformations that
will allow them to be successful in a challenging and dynamic
market," said Mr. S.D. Shibulal, CEO & Managing Director, Infosys.
"Combining our global scale with Lodestone's consulting heritage
creates a world-class team that can bring clients a broad spectrum of
capabilities across consulting, systems integration, and
outsourcing."
About Infosys
Infosys partners with global enterprises to drive their
innovation-led growth. That's why Forbes ranked Infosys 19 among the
top 100 most innovative companies. As a leading provider of
next-generation consulting, technology and outsourcing solutions,
Infosys helps clients in more than 30 countries realize their goals.
Visit http://www.infosys.com and see how Infosys , with its 150,000+
people, is Building Tomorrow's Enterprise(R) today.
# # #
Safe Harbor
Certain statements in this release concerning our future growth
prospects are forward-looking statements, 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 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, and unauthorized use of our
intellectual property and general economic conditions affecting our
industry. 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, 2012 and on Form 6-K for the
quarters ended September 30, 2011, December 31, 2011 and June 30,
2012.These filings are available at http://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.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN
