PRESS RELEASE
District of Columbia Extends Agreement with Infosys Public Services to
Implement Next Phase of its Health Insurance Marketplace and Medicaid
Modernization Program
WASHINGTON, D.C., March 14, 2014: The U.S. District of Columbia has extended
its contract with Infosys Public Services, a U.S. based subsidiary of Infosys.
Earlier, the District signed a $49.5 million agreement with Infosys Public
Services in January 2013 to develop its Health Insurance Marketplace, the DC
Health Link. One of the first state-based marketplaces to be operational on
schedule on October 1, 2013, DC Health Link offers health insurance options to
over half a million residents and small businesses.
Under the new agreement, Infosys Public Services will modernize the legacy
eligibility system and additional federal and local health and social programs
for the U.S. District of Columbia. Infosys Public Services will leverage the
foundational capabilities developed in 2013 to enable the District's agencies
to collaborate with their constituents to achieve sustainable health and social
benefit outcomes.
Quote:
Eric Paternoster, President & Chief Executive Officer, Infosys Public Services,
Inc. "The District is a leader in implementing the new healthcare insurance
mandates and insurance marketplace. We're excited to continue our partnership
with the District on this important healthcare program."
Additional Resources:
Infosys Public Services - Health Benefit Exchanges
D.C. contract award to implement Health Benefit Exchange - announcement
About Infosys Public Services, Inc.
Infosys Public Services, a U.S. based subsidiary of Infosys (NYSE:INFY), is a
leader in business consulting and technology solutions. We partner with
healthcare and public sector organizations to help them stay ahead of the
innovation curve. Our solutions, combined with execution excellence and proven
best practices, allow clients to optimize their operations today while building
tomorrow's enterprise. Visit www.infosyspublicservices.com to learn more.
About Infosys
Infosys is a global leader in consulting, technology and outsourcing solutions.
We enable clients, in more than 30 countries, to stay a step ahead of emerging
business trends and outperform the competition. We help them transform and
thrive in a changing world by co-creating breakthrough solutions that combine
strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with $7.4 billion in
annual revenues and 158,000+ employees, is Building Tomorrow's Enterprise®
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, 2013 and on Form 6-K for the quarter ended December 31, 2013. 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.
For Further information please contact:
Americas Asia Pacific EMEA
Tara Kozak-Lindsay Sadaf Khan Paul de Lara
GolinHarris for Infosys, USA Infosys, India Infosys, UK
+1 212 373 6020 +91 80 4156 4971 +44 2075162748
tkozaklindsay@GolinHarris.com Sadaf_Khan03@infosys.com Paul_deLara@infosys.com