MUNICH and BENGALURU, India, March 12, 2020 /CNW/ -- Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it has been selected by Siemens to deploy Wingspan, Infosys' Digital Learning and Talent Transformation Platform. The company-wide deployment will provide employees a personalized learning experience and make it possible for them, among many other useful features, to track their progress and successes.
Siemens is on a digital transformation journey and has become one of the 10 biggest software companies in the world over the last 10 years. To maintain and extend market leadership, new digital technologies like AI, IoT, automation, cyber security or additive manufacturing are critical for Siemens' and its customers long-term success. It's vital for every employee at Siemens to get easy access to upskilling and reskilling opportunities. Infosys will support Siemens to stay ahead of the curve through a highly effective learning experience platform, while leveraging and simplifying the existing learning technology ecosystem.
Infosys Wingspan will provide a next generation, cloud-based talent and learning experience platform with features like mobile access to enable learning anytime and anywhere. It will use AI-powered search through concepts like topic spiders, navigators and personalized homepages to create a powerful and personalized interface for employees. The platform, which is named My Learning World at Siemens, will be a single-entry point to access learning content across multiple sources (internal and external), thereby leveraging investments in existing systems.
Pravin Rao, Chief Operating Officer, Infosys said, "We are delighted to partner with Siemens to further develop the learning experience of its employees. To survive the impact of digital disruption and to navigate these digital times, it is imperative for enterprises to ensure effective talent development. Wingspan, a robust Open-source stack-based platform, will provide Siemens' employees an innovative learning experience that will set new industry standards."
Thomas Leubner, Chief Learning Officer, Siemens AG said, "Digitalization is at the core of our strategy for the future. We are excited to have found an effective partner in Infosys who can support us to further improve our employee's growth journey with My Learning World. This is an important partnership for Siemens, and we look forward to a new learning experience for our employees."
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 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 www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2019. These filings are available at 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. 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.
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