FORT WORTH, TX, June 22, 2015 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, announced that it has completed the implementation of its Smart Oilfield Services Solution for SAP ERP at FTS International (FTSI), the largest private well completion company in North America, allowing the company to achieve a significant milestone in its strategic business transformation.
FTSI has grown rapidly since its inception. The company's IT infrastructure, based on a series of legacy systems, required an overhaul to manage that growth and avoid keeping the company's operations in silos. Within 14 months, Infosys helped FTSI implement 15 SAP modules across 20 locations for over 1,400 users, thus enabling the company to improve its operating metrics and to leverage an upgraded IT platform for future growth.
"I have never seen such a significant implementation go as quickly and as smoothly. This is significant because we were not only changing the systems, we were changing our company and its culture," said FTSI Chief Information Officer and Chief HR Officer Sharon S. Stufflebeme. "Infosys' tremendous footprint, level of expertise in SAP deployment, ability to work with both IT and business teams as well as its oil and gas experience made it the perfect partner for us in this important milestone in our strategic business transformation."
One of the key drivers in the decision to select SAP and Infosys was the opportunity to implement a world-class ERP system and leverage industry best practices with the Infosys Smart Oilfield Services (OFS) Solution for SAP ERP.
"We have already realized the value of this transformation, including access to useful data that helps us in real-time decision making, tighter control on processes and procedures and improved visibility in the supply chain," said Stufflebeme.
Rajesh K. Murthy, Executive Vice President and Global Head, Energy, Utilities, Communications and Services, Infosys, said: "The oil and gas market is very competitive and currently witnessing a period of significant change. The ability to deploy fast and adapt quickly are fundamental requirements for the technology systems in this industry. Our expertise in both this industry and in SAP deployments has enabled us to support FTSI in this major transformation."
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 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 http://www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 176,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
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, 2015 and our Forms 6- K for the quarters ended June 30, 2014, September 30, 2014 and December 31, 2014. 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. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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: Asia Pacific, Sarah Gideon, Infosys, India, +91-80-4156 3373, Sarah_Gideon@infosys.com; EMEA, Paul de Lara, Infosys, UK, +44-2075162748, Paul_deLara@infosys.com; Americas, Cristin Balog, Infosys, USA, +1 (650) 320 4126, Cristin_Balog@infosys.com