Tag: infosys

TidalScale enters global reseller agreement with Infosys

TidalScale, the industry leader in software-defined server technology, announced that it has entered a reseller agreement with Infosys, the global leader in next-generation IT consulting. TidalScale’s breakthrough technology is revolutionizing the economics and capabilities of the data center. With TidalScale, businesses can run database or analytics workloads entirely in-memory at half the TCO compared to…

Infosys and Celonis enter global partnership to transform ERP modernization and business process optimization

Infosys, the global leader in next-generation digital services and consulting, announced their global partnership with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernization and business process optimization.  The company said that the partnership will enable customers to embark on long term transformation projects with significant operational savings,…

Infosys partners with Zurich-based Avaloq to provide wealth management capabilities via digital platforms

Infosys, a global leader in next-generation digital services and consulting, announced that it has partnered with Zurich-based Avaloq to provide end-to-end wealth management capabilities through digital platforms.  Infosys will be a strategic implementation partner for Avaloq’s wealth management suite of solutions to help clients modernise and transform their legacy systems into cutting-edge digital advisory platforms,…

Infosys partners with Rhode Island in fight against Covid-19

Infosys, a global leader in next-generation digital services and consulting, announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. This is part of the state’s effort to safely reopen businesses while…

Infosys terminates employee over controversial social media post on coronavirus

Indian tech giant Infosys recently announced that it has sacked one of its employees who wrote an “inappropriate post” on Twitter about the coronavirus pandemic. Announcing the termination of the employee’s services through Twitter, Infosys said, “Infosys has completed its investigation on the social media post by one of its employees, and we believe that…

Infosys set to launch its seventh global Cyber Defense Center

Infosys, a global leader in next-generation digital services and consulting, is all set to announce a state-of-the-art Cyber Defense Center in Indianapolis. This will be Infosys’ seventh global Cyber Defense Center and will complement the Infosys Technology and Innovation Center that was inaugurated in Indianapolis early last year.   According to Infosys’ recent cybersecurity report, “Assuring…

Infosys exists UNSILO four years after the acquisition

Indian tech giant Infosys recently announced that it has completed the sale of its stake in Danish startup UNSILO for $800,000, approximately ₹5.7cr. Infosys had invested in UNSILO in 2016 about ₹14.5cr from its $500mn innovation fund. UNSILO is an AI startup focused on advanced text analysis. It uses a combination of machine learning and…

Infosys signs multi-million contract with ABN AMRO Bank

Infosys, a global leader in next-generation Digital services and Consulting, has signed a multi-year, multi-million contract with ABN AMRO Bank to accelerate its cloud and DevOps transformation journey. As part of this renewed contract, Infosys will enable ABN AMRO Bank to achieve its business and operational goals by aligning its IT transformation with its cloud…

Infosys Digital Radar reveals Businesses face a digital ceiling in their transformation progress

Businesses globally face a “digital ceiling” when it comes to digital transformation, according to new research from Infosys Knowledge Institute, the thought leadership and research arm of Infosys, a global leader in next-generation digital services and consulting. The study reveals that businesses must change their mindsets to achieve sophisticated levels of digital maturity. Infosys Digital…

Infosys partners with GEFCO to support its Digital Transformation

Infosys, a next-generation digital services and consulting has partnered with GEFCO, a multimodal supply chain solutions and the European leader in automotive logistics, to support its digital transformation over the next five years. As a key business and technology partner of GEFCO, Infosys will help transform the group’s next generation business application management services. Building…

Infosys Audit Committee’s Investigation report denies any financial impropriety or executive misconduct

Infosys has announced that its Audit Committee of the Board of Directors has concluded the independent investigation into allegations contained in the whistleblower’s complaints the company disclosed on October 21, 2019 and determined that the allegations are substantially without merit. The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul…

Infosys to incentivize mid-level executives

Infosys has announced to offer incentives and hikes to over 25,000 mid-level executives – nearly a tenth of its workforce – who will acquire new digital skills.  Boosted by the development, major IT companies have now been witnessing flat growth in traditional services, which account for nearly two-thirds of their revenue. Whereas, digital businesses have…

Infosys awarded UN Global Climate Action Award in ‘Carbon Neutral Now’

Infosys, a global leader in next-generation digital services and consulting, was presented with the prestigious United Nations Global Climate Action Award in the ‘Climate Neutral Now’ category at the UN Climate Change Conference (COP 25) in Madrid, Spain.  Infosys won the award for its carbon neutral program, which delivers scalable, innovative and practical climate actions…

Vishal Sikka named to Oracle Board of Directors

Oracle announced that Dr. Vishal Sikka, founder and CEO of the AI company Vianai Systems, has been named to Oracle’s Board of Directors.  Before starting Vianai, Vishal was a top executive at SAP and the CEO of Infosys. “The digital transformation of an enterprise is enabled by the rapid adoption of modern cloud applications and…

Updated: Infosys CEO Salil Parekh and CFO Nilanjan Roy fudging financials.

A group of whistleblowers at Infosys, identifying themselves as “Ethical Employees” in their letter, have alleged that Infosys CEO Salil Parekh has been fudging the company’s financials and inflating profits in recent quarters. According to the whistle blowers, as stated in their letter, CFO Nilanjan Roy has been compliant and is also involved.  In their…