Infosys Technologies Positioned in the Leaders Quadrant for North American Offshore Applications Services 2007 Magic Quadrant.Recognition follows a number of customer awards and acknowledgements this year FREMONT, Calif. -- Infosys Technologies Limited (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : INFY INFY Infosys Technologies Ltd (stock symbol) ) today announced it has been positioned by Gartner, Inc., in the leaders quadrant in the "Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Offshore Applications Services 2007" report1. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the research firm's report, "leaders are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market." In the last two years, Infosys' key strategic priorities have included strengthening its global delivery model across Asia, Western and Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and advancing its methodologies and processes for application services See ASP and Web services. delivery. "Global delivery model-based (GDM (Global DOS Memory) The first megabyte of memory that DOS supports. It consists of conventional memory (0-640K), the UMA (640-1,024K) and the HMA (1,024-1,088K). ) application services form the core of our client relationships and our value proposition to help companies win in the flat world," said S. Gopalakrishnan, chief executive officer and managing director, Infosys Technologies. "We think being placed in the Leaders Quadrant by Gartner is recognition of our capability to compete for and win in large-scale applications outsourcing, as well as our investment in new offerings and geographic growth." The Gartner report adds that, "Arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. , the supply side is pushing the advancement of globally delivered application services more than the demand side." The report goes on to say, "Service providers also are being called on to move beyond low-level development functions and essentially provide world-class, domain-specific, leading-edge application competencies. The result is that some providers have bridged this gap and had significant growth, while other service providers have failed to take advantage of the new, demanding market conditions." In addition, the report highlights key trends that are affecting the market and service provider landscape: * Market demand for offshore application services is at a unique point; instead of the "exception," most buyers assume (and require) that some degree of globally delivered services will be included in their use of externally provisioned application services for cost benefits. Almost without exception, their provider lists include an array of traditional and nontraditional (offshore) providers. In general, most buyers concentrate on the cost elements of providers' GDM and non-domestic labor pools; however, as soon as they're involved in the evaluation process, face far greater sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. in providers' GDM sales, marketing and value propositions than they did one year ago. * Providers that aren't on the "accelerated" curve to fully integrate and systematically invest in and advance their GDM are quickly losing ground. The disparity among application service providers' GDMs is evident in their vision and direction, development of new service lines and competencies, execution via processes and methodologies, domain expertise embedded in their go-to-market strategies, and concerted investments in building out a multicountry, globally dispersed labor pool -- which means in-country (on-site and offshore) as well as offshore and nearshore near·shore n. The region of land extending from the backshore to the beginning of the offshore zone. near labor pools). "Clients trust Infosys as a partner to build and support business applications that are most critical to their transformation or day-to-day operations," said S.D. Shibulal, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Infosys Technologies. "We believe our position in the leader quadrant underscores our understanding of clients, as well as our uncompromising commitment to customer satisfaction. We feel this evaluation is the latest recognition in a series of achievements, including several awards that confirm our success in addressing the evolving expectations of clients." In 2007, the company received many awards and acknowledgements from customers representing such global industries as banking, retail, automotive and many others in its role as a trusted transformation partner: www.infosys.com/media/press_releases/royal-bank-scotland.asp, www.infosys.com/media/press_releases/partner-progress-awards.asp, www.infosys.com/media/press_releases/ips-supplier-2006.asp, www.infosys.com/media/press_releases/sainsburys-2006-IT-supplier.asp, www.infosys.com/media/press_releases/wachovia-it-vendor.asp. About the Magic Quadrant The Magic Quadrant is copyrighted August 6, 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or
fitness for a particular purpose.
About Infosys Technologies Limited Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. Infosys creates these solutions for its clients by leveraging its domain and business expertise along with a complete range of services. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 75,000 employees in 44 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements in connection with this release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them. 1 "Magic Quadrant for North American Offshore Application Services, 2007," Frances Karamouzis, Allie Young, Helen Huntley, Partha Iyengar, Ian Marriott, Gianluca Tramacere, August 6, 2007 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion