Infosys invests A$1.9 mln in Australia's IT services industry

New Delhi, Jul 7 (UNI) Software major Infosys today said it has invested 1.9 million Australian dollars in Australia's IT services industry.

''We have committing up to 1.9 million Australian dollars in cash and services to the newly formed Smart Services Cooperative Research Centre (CRC),'' a company statement said.

The Smart Services CRC research programme, launched on July 3, will bring together the industry, six Australian universities and Government to develop an ambitious Research and Development programme aimed at creating intellectual property (IP) of value to Australia's services market --with initial demonstrators planned for the finance, media and government sectors.

Infosys' participation in Smart Services CRC is a joint venture between its Australian subsidiary (Infosys Australia) and SETLabs, the company's research group.

As part of the collaboration, Infosys Australia and Infosys' SETLabs will initially focus on three research projects exploring business process innovation and service-orientated architecture (SOA).

UNI SR SG RN1921