HARTFORD, Connecticut, December 6, 2018 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in next-generation digital services
and consulting, today inaugurated its Technology and Innovation Hub in Hartford. Infosys also
announced that it has hired more than 7,000 American workers in the last 18 months as part of its ongoing commitment to
accelerate the pace of digital innovation for American enterprises.
(Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg )
The Hartford Hub, located at 225 Asylum Street in the Goodwin Square Building, will help Infosys work more closely with its
clients in the region and will serve as the global Hub for Infosys' InsurTech and HealthTech efforts. The Hub will feature Living
Labs for the Future of Insurance, the Future of Healthcare and the Future of Manufacturing amongst others. The Living Labs help
organizations learn through making. They bring together expertise in business and technologies such as blockchain, extended
reality and cognitive capabilities with techniques like design thinking, agile and devops. The Living Labs enable rapid
experimentation and exploration of innovation efforts.
"The inauguration of our Hartford Technology and Innovation Hub is an important milestone in our ongoing efforts to help
American enterprises revitalize their core businesses," said Infosys COO U.B. Pravin Rao.
"This Hub, along with five other hubs around the country, will help us to seamlessly collaborate with our clients to develop
agile, cross-functional digital solutions to today's most pressing business needs. We are very pleased to continue expanding our
presence in Connecticut and thank both Governor Malloy and Governor-Elect Ned Lamont for their
support."
"In the months since the announcement that Infosys would put down roots in Connecticut and
create over 1,000 jobs to Hartford, they have already become strong corporate partners,"
Governor Malloy said. "The truth of the matter is that Connecticut is a great place to
live, work, and grow a business. We have a world-class workforce and education system. And employers have started to take notice.
The capital region specifically has seen several high-profile employers establish a presence in the past year, at the same time
incubators have popped up to support our burgeoning technology industry. It's indisputable that Connecticut has momentum, and Infosys's new headquarters embodies the progress we have made over the past
eight years."
"We are thrilled to inaugurate our Harford Hub today, joined by our partners in government, academia, and business," said
Ravi Kumar, President, Infosys. "Companies throughout the region, including those in the
insurance, healthcare, and manufacturing sectors, are experiencing rapid digitization. By collaborating closely with our clients
and developing unique academic partnerships to foster talent, we are solving complex business challenges while transforming
Hartford into a technology hub and a destination for the technology workers of the future."
"Infosys' decision to make Hartford a major innovation center is great news for Connecticut and for the Capital City, and it accelerates the work we've done to make Hartford a hub for innovation in our core industries," said Hartford
Mayor Luke Bronin. "From InsurTech to advanced manufacturing to digital health,
Hartford is building strong momentum, and Infosys will be a large and important part of our
innovation ecosystem. Most important of all, Infosys is partnering with local educational institutions to train
Connecticut students and create job opportunities for local talent. Recruiting Infosys to
Connecticut was a team effort, and I want to thank Governor Malloy, his administration, our
local business leaders, and Governor-elect Lamont for their partnership."
"We're intently focused on advancing our digital agenda, and we're making investments in technology, people and partnerships
to accelerate innovation across the company," said Alan Schnitzer, Chairman and Chief Executive
Officer of Travelers. "There has been a lot of great work over the past few years to ensure Hartford's position as a premier destination for InsurTechs and strengthen its ability to attract top
talent. The opening of the Infosys Technology and Innovation Hub is further evidence of the strides being made and an important
step for the community."
"We are excited to officially welcome Infosys to Hartford, marking an important milestone in
the revitalization of our capital city," said Stanley Black & Decker's CEO
and President Jim Loree. "Infosys' presence will further propel the region toward its goal of
becoming a technology and innovation hub. Hartford is rapidly becoming known as an affordable
and attractive alternative to neighboring large cities and Infosys' presence here will reinforce that. I really appreciate the
team effort across the public and private sectors to highlight the tremendous value and assets of the region and I look forward
to building a deep and productive business partnership with our new neighbor, Infosys."
Infosys previously announced a partnership with Trinity College to create new educational programs
that will prepare liberal arts students and Infosys employees for the digital workplace of the future. Such partnerships form an
important part of Infosys' broader commitment to workforce development and solving the STEM skills gap in the United States. Infosys' strategy relies on building a holistic recruitment pipeline that extends beyond
traditional computer science degrees, recruiting individuals from a diverse set of backgrounds and disciplines. Through a
relentless focus on training and continuous education, Infosys is working to develop talent pools organically in the communities
where the company operates.
Infosys' commitment to education also extends to the company's charitable foundation, Infosys Foundation USA. In Connecticut, the Foundation has provided multiple grants for
classroom technology and computer science training to teachers and schools. To date, these grants have reached 3,728 students, 41
teachers, and 30 schools across the state. Infosys Foundation USA has recently partnered with
the Hispanic Heritage Foundation, providing a grant to create a comprehensive K-8 Spanish language computer science education
pathway for Spanish English Language Learner (ELL) students in the US with pilot programs being launched in Hartford, Connecticut.
For more information please visit: https://www.infosys.com/american-innovation/Pages/ct.aspx
About Infosys
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate
their digital transformation. With over three 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 http://www.infosys.com to see how Infosys (NYSE: INFY) can help
your enterprise navigate your next.
Safe Harbor
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our
future business expectations 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 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, 2018. 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. In addition, please note that any forward-looking
statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.
SOURCE Infosys