Infosys Opens North Carolina Technology and Innovation Hub

Hub Will Train Infosys' North Carolina Workforce and Increase Co-innovation with Clients to Address 21st-Century Challenges for American Industries

RALEIGH, NC, Aug. 22, 2018 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today inaugurated its Technology and Innovation Hub in Raleigh. In addition, Infosys announced that it has hired more than 4,700 Americans since Spring 2017, including nearly 500 in North Carolina, as part of the company's campaign to hire 10,000 American and accelerate the pace of innovation for American industry.

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The North Carolina Hub, located at 7751 Brier Creek Parkway in Raleigh, will help Infosys work more closely with clients in the region to develop cross-functional solutions to pressing business challenges in such areas as machine learning, artificial intelligence, user experience and advanced digital technologies, including big data and cloud. The Hub will also train, upskill and reskill Infosys and client employees in the technologies required to help American businesses accelerate their digital transformations.

"The inauguration of our Raleigh Technology and Innovation Hub empowers our North Carolina employees by providing them with pioneering technology training that will help American industries revitalize their core businesses," said Infosys CEO, Salil Parekh. "Supported by academic institutions in North Carolina and around the country, the Hub allows us to co-locate, co-innovate and co-create alongside our clients and build on our passion for creating the next generation of top U.S. technology talent through world-class education and training. We are delighted to establish our presence here in North Carolina, which is already home to a highly skilled technology workforce and strong higher education ecosystem and thank Governor Roy Cooper for his support."

"I am pleased to join Infosys today at the grand opening of their Raleigh Technology and Innovation Hub," Governor Roy Cooper said. "Just over a year ago, Infosys committed to creating 2,000 high-skill, high-wage jobs in the Tar Heel State. The company is making strong progress towards that hiring target and, perhaps even more importantly, Infosys' commitment to workforce development is helping to create new expertise in North Carolina and prepare our workforce for the jobs of the future." 

"Today's Hub inauguration represents another major step forward for Infosys in North Carolina. Our continued investment here enhances our ability to serve businesses in the state, including those in financial services, life sciences, clean technology and advanced manufacturing sectors," said Ravi Kumar, President, Infosys. "We have formed strong partnerships with the state's economic development team, which has supported our efforts to build this Hub and recruit and train the workforce of the future. Our partnerships with institutions of higher education have already helped to create a pipeline of talent for us from top universities and community colleges."

"We are grateful for Infosys' commitment to the North Carolina Community College System as part of their expansion in Raleigh. Infosys' history of and commitment to lifelong education for their employees is complimentary to Wake Tech's efforts in workforce training in North Carolina," said Wake Tech President, Dr. Stephen Scott. "By partnering with Infosys, Wake Tech is better able to provide a path to a career in technology and allow the state to maintain a competitive and a thriving job market."

Infosys' partnerships with North Carolina academic institutions such as the North Carolina Community College System, North Carolina State University and others will provide recent graduates and experienced professionals with exposure to the latest training, research and career mentorship. Infosys' academic partners will augment the company's dedicated learning facilities within the Hub, which will deliver continuous learning across the employee lifecycle.

Infosys' 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 reached 3,938 students, 102 teachers and 94 schools across the state.

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