Infosys Chooses Raleigh, North Carolina for its Technology and Innovation Hub

RALEIGH, NC, Sept. 12, 2017 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will open its North Carolina Technology and Innovation Hub in Raleigh. This innovation Hub is expected to hire 2,000 American workers by 2021.

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Towards its plan of hiring 10,000 jobs over 2 years, the company has already hired close to 1,200 American workers.

The new hub, which will open in early 2018, will occupy 60,000 square feet in a new facility in Raleigh and has the capacity to house 500 workers representing another step forward in the company's previous announcement to hire American workers in the country. The company plans to hire the first 500 workers in Raleigh innovation hub within two years, with the remainder to be hired in the state by 2021.

"Innovation, technology, and education are part of who we are as North Carolinians, and along the course of this project, Infosys leaders have found that to be the case every step of the way. Our top-flight workforce, commitment to education, and exceptional quality of life help businesses of all sizes recruit and retain excellent employees," said Governor Roy Cooper.

"The North Carolina Technology and Innovation Hub is part of Infosys' investment in the future of the U.S. tech workforce and will focus on delivering cutting-edge solutions in artificial intelligence (AI), machine learning, data and advanced analytics, cloud and big data," said Ravi Kumar, President and Deputy Chief Operating Officer, Infosys. "The Hub, located in the innovation incubator of Raleigh, will support the development of co-created solutions for our valued clients in North Carolina and the surrounding region. Attracting and retaining a skilled and motivated workforce is crucial to Infosys, and the new Tech Hub-along with the robust training program we are developing with the North Carolina Community College System and proximity to tier-one research universities-will expand Infosys' existing North Carolina network to better serve clients in the IT, life sciences, clean technology and advanced manufacturing sectors."

"The City of Raleigh welcomes Infosys as a key member of our community, further bolstering Raleigh's already strong technology economy, which has seen technology jobs grow at a rate more than double the national average over the last five years. The partnership between our city and Infosys will boost innovation and benefit businesses, schools, and workforce development in the area and we are excited to pursue this work together," said Raleigh Mayor Nancy McFarlane.

New hires will include recent graduates from the state's prestigious network of colleges, universities and community colleges, as well as local professionals who will benefit from upskilling through Infosys' world-class training curriculum. As part of Infosys' commitment to grow 2,000 jobs in the state of North Carolina, the company is partnering with the North Carolina Community College System to create a customized program designed to train the workforce of the future.

"Infosys is looking to maximize the benefits of the North Carolina Community College's Customized Training Program. To that end, Wake Technical Community College is developing a comprehensive upskilling program, in partnership with Infosys, to train the workforce of the future. We plan to include pre-employment training, where candidates experience a short-term realistic job preview, as well as extensive post-employment training that will focus on technical and soft skills. The program will be developed as a joint effort between representatives from Infosys and Wake Tech and will ensure success for the company and the employees," said Maureen Little, Vice President of Economic Development, North Carolina Community College System.

This commitment to education also extends to the company's charitable foundation, Infosys Foundation USA. In North Carolina, the Foundation has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, these grants have benefited 4,220 students across 82 schools, involving 92 teachers. This includes grants for professional development for teachers, hands on workshops for students, and new technology and teaching aids for classrooms, with an emphasis placed on serving underrepresented groups such as women, African American, Latino, urban, rural, and autistic groups that will gain greater access to computer science and maker education.

For more information, please visit: http://www.infosys.com/american-innovation/nc

About Infosys

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

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, 2017. 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