Infosys to Open Technology and Innovation Hub in Connecticut and Create 1,000 Jobs by 2022

HARTFORD, CT, March 14, 2018 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will open its next Technology and Innovation Hub in Hartford, Connecticut and hire 1,000 American workers in the state by 2022.

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The Connecticut Technology and Innovation Hub will have a special focus on insurance, healthcare and manufacturing. It will bring Infosys closer to its Connecticut clients and serve as the global hub for Infosys' InsurTech and HealthTech efforts. Infosys' investment in Connecticut is a continuation of the company's commitment to accelerate innovation for American enterprise by amplifying top local talent with the best global talent and shrink the IT skills gap in the marketplace.

"Today marks yet another landmark day in Connecticut's economic development efforts, at a time when our investments are bringing new life and vigor to our Capital City," Governor Dannel P. Malloy said. "I am thrilled to welcome Infosys to Connecticut and congratulate them on their decision to establish a Technology and Innovation Hub in Hartford. Connecticut's tremendous assets and talent pipeline continue to attract high caliber companies to the state, and I look forward to the value that Infosys will bring to our business community."

"We are excited to announce the expansion of our presence in Connecticut and to create 1,000 technology jobs in the state," said Ravi Kumar, President, Infosys. "This investment will further strengthen our ability to serve clients' needs throughout the New England region and expand the local workforce to help our clients compete in the rapidly digitizing insurance, healthcare and manufacturing sectors. Hartford's position as the Insurance Capital of the World, paired with Connecticut's world-renowned academic institutions, will place Infosys in close proximity to valued clients and accelerate the recruitment of highly-skilled local talent."

"Connecticut is a hub for health care innovation, and these capabilities are a key part of Cigna's global growth strategy," said Mark Boxer, EVP and Global Chief Information Officer at Cigna. "We are continuously looking at technology-led innovation to simplify the healthcare experience for consumers and improve our engagement and alignment with healthcare providers, employers, and other stakeholders. We are pleased that Infosys has chosen to plant a flag here in Connecticut, and proud that we had a role in advancing employment in the region. We look forward to working with them as part of our technology journey."

"Stanley Black & Decker is excited to welcome Infosys to Hartford and Connecticut," said Jim Loree, Stanley Black & Decker's President and CEO. "This is a great win for the state. With Infosys' expanded presence and focus on attracting and training top local talent, Infosys will strengthen Connecticut's innovation ecosystem and help to develop the technology workforce of the future."

The Hub will include insurance and healthcare labs that focus on smart underwriting, claims fraud, IoT and Cloud, and will employ cutting-edge data security and data-sharing features to help Infosys clients comply with all applicable privacy laws while promoting innovation. Infosys will also leverage the Hub to train its employees and develop pioneering techniques with agile, development operations, cloud and information security projects.

Infosys inaugurated its first Technology and Innovation Hub in Indianapolis, Indiana and has already announced a Technology and Innovation Hub in Raleigh, North Carolina and a Design and Innovation Hub in Providence, Rhode Island.

As part of Infosys' commitment to boosting American innovation and helping to create the workforce of the future, Infosys Foundation USA has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, more than 4.7 million students; 13,000 teachers and 21,000 schools across America, including over 3,500 students, 35 teachers and 24 schools in Connecticut, have benefited from computer science training and classroom equipment funded by Infosys Foundation USA. 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: https://www.infosys.com/american-innovation/Pages/in.aspx

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 200,000+ 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