Bangalore, October 16: Infosys Technologies Limited (NASDAQ: INFY) today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in its report “Magic Quadrant for European Offshore Applications Services 2007".
According to 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, North America, and Western and Central Europe and advancing its methodologies and processes for application services delivery. Infosys has opened offices in Brno, Czech Republic and Monterrey, Mexico and has a presence in Poland to build language capabilities to service its European customers.
“We believe, the report clearly illustrates our momentum in Europe and is recognition of our ability to compete for and win large-scale global deals," said S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Technologies.
The Gartner report states: “During the past year, the European market for offshore application services has grown significantly, outpacing the North American market. Although the U.K. remains the dominant purchaser of globally delivered application services in Europe, enterprises from a growing number of regions — including the Nordics, Benelux and even Germany and France — are taking advantage of globally delivered services. In addition, as Western European buyers seek the optimum providers for their organizations' needs, many "nearshore" countries are emerging as alternative (or additional) locations for service provision."
“By delivering quality services, having uncompromised commitment and good risk mitigation capabilities and practices, we have built strong relationships with our clients," said B. G. Srinivas, Senior Vice President and Head of EMEA, Infosys Technologies. “We believe this and our achievements in Europe have helped position us in the leader"s quadrant and confirms 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:
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