Infosys to Start New Campus in Shanghai
Poster: SySAdmin
Posted on May 21, 2011 at 1:35:01 PM
Infosys to Start New Campus in Shanghai
Plans an Investment of US $ 125-150 Million
SHANGHAI, May 21, 2011/PRNewswire-FirstCall/ -- Infosys Technologies Ltd. (Infosys) today laid the foundation
stone for its new campus at Zizhu Science and Technology Park in Shanghai,
China. Infosys plans to invest between US$125-150 million in the new campus,
one of the largest investments in China by a software company. Mr. N. R.
Narayana Murthy, Chief Mentor and Chairman of the Board, Infosys, Mr. T.V.
Mohandas Pai, Member of the Board, Infosys, Dr. S. Jaishankar, Ambassador of
India to China and Mr. Rangarajan Vellamore, Chief Executive Officer, Infosys
Technologies (China) Co., Ltd. were present at the ceremony.
The new Shanghai campus will be spread over 15 acres and
developed over a period of 3 years. With an overall seating capacity for 8000
employees, the campus will have state of the art facilities for software
development, labs, data centres, training facilities, food courts, a 1500
seater auditorium, gym, and other recreational facilities. The Shanghai
campus will be the largest overseas software development centre of Infosys
adhering to the highest environmental standards.
Speaking at the ceremony, Mr. N. R. Narayana Murthy, said, "I
would like to thank the Shanghai Municipal Government and the Chinese
Government for their support in starting this project. As the second largest
economy in the world, China will lead the world in economic growth in the
future and we see exciting times ahead. This large investment is a testimony
to Infosys' commitment to China. As a global company with a presence in over
75 countries, we will use our enhanced capacity here to deliver high quality
consulting and software services to the global markets as well as to our
clients in China."
Rangarajan Vellamore, CEO, Infosys Technologies (China) Co.,
Ltd, said, "We have been in China for the past 7 years and have created a
high quality capability to address the global and local markets. We have
invested heavily in technology, training and people to derive a strategic
advantage in our capabilities. With this large investment and enhanced
capability we will aim to lead service capability out of China to the global
and local markets for business transformation and operations. When this
campus is completed we expect to have over 10,000 employees in Shanghai
alone."
Infosys China was incorporated in 2004 and had revenues of
over US $ 78 million in fiscal year 2011. The company has invested in world
class development centers in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou
Binjiang HiTech Park, Beijing China Oversea Plaza, a sales office in Hong
Kong and a global education center in Jiaxing Science city. Infosys China
employs over 3300 people in China and has already invested US $ 23 million in
capital and has office space for 4200 people in China.
About Infosys Technologies Ltd
Many of the world's most successful organizations rely on the
130,000 people of Infosys to deliver measurable business value. Infosys
provides business consulting, technology, engineering and outsourcing
services to help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit
http://www.infosys.com
Safe Harbor
Certain statements in this release concerning our future
growth prospects are forward-looking statements, 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, 2011 and on Form 6-K for the quarters ended June 30, 2010,
September 30, 2010 and December 31, 2010.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. 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.
For further information please contact:
China
Jenny Hu
Infosys China
Jenny_Hu@infosys.com
The Americas Asia Pacific
Peter McLaughlin Priyanka Waghre
Infosys Technologies Ltd, US Infosys Technologies Ltd, India
Phone: +1-213-622-4949, Ext 206 Phone: +91-80-2852-0261 ext64999
Peter_McLaughlin@infosys.com Priyanka_Waghre@infosys.com
Australia EMEA
Cristin Balog Antonia Maneta
Infosys Technologies Ltd, Australia Infosys Technologies Ltd, UK
Phone : +61-3-9860-2277 Phone: +44(0)207-715-3499
Cristin_Balog@infosys.com Antonia_Maneta@infosys.com
Source: Infosys Technologies Ltd
.
Plans an Investment of US $ 125-150 Million
SHANGHAI, May 21, 2011/PRNewswire-FirstCall/ -- Infosys Technologies Ltd. (Infosys) today laid the foundation
stone for its new campus at Zizhu Science and Technology Park in Shanghai,
China. Infosys plans to invest between US$125-150 million in the new campus,
one of the largest investments in China by a software company. Mr. N. R.
Narayana Murthy, Chief Mentor and Chairman of the Board, Infosys, Mr. T.V.
Mohandas Pai, Member of the Board, Infosys, Dr. S. Jaishankar, Ambassador of
India to China and Mr. Rangarajan Vellamore, Chief Executive Officer, Infosys
Technologies (China) Co., Ltd. were present at the ceremony.
The new Shanghai campus will be spread over 15 acres and
developed over a period of 3 years. With an overall seating capacity for 8000
employees, the campus will have state of the art facilities for software
development, labs, data centres, training facilities, food courts, a 1500
seater auditorium, gym, and other recreational facilities. The Shanghai
campus will be the largest overseas software development centre of Infosys
adhering to the highest environmental standards.
Speaking at the ceremony, Mr. N. R. Narayana Murthy, said, "I
would like to thank the Shanghai Municipal Government and the Chinese
Government for their support in starting this project. As the second largest
economy in the world, China will lead the world in economic growth in the
future and we see exciting times ahead. This large investment is a testimony
to Infosys' commitment to China. As a global company with a presence in over
75 countries, we will use our enhanced capacity here to deliver high quality
consulting and software services to the global markets as well as to our
clients in China."
Rangarajan Vellamore, CEO, Infosys Technologies (China) Co.,
Ltd, said, "We have been in China for the past 7 years and have created a
high quality capability to address the global and local markets. We have
invested heavily in technology, training and people to derive a strategic
advantage in our capabilities. With this large investment and enhanced
capability we will aim to lead service capability out of China to the global
and local markets for business transformation and operations. When this
campus is completed we expect to have over 10,000 employees in Shanghai
alone."
Infosys China was incorporated in 2004 and had revenues of
over US $ 78 million in fiscal year 2011. The company has invested in world
class development centers in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou
Binjiang HiTech Park, Beijing China Oversea Plaza, a sales office in Hong
Kong and a global education center in Jiaxing Science city. Infosys China
employs over 3300 people in China and has already invested US $ 23 million in
capital and has office space for 4200 people in China.
About Infosys Technologies Ltd
Many of the world's most successful organizations rely on the
130,000 people of Infosys to deliver measurable business value. Infosys
provides business consulting, technology, engineering and outsourcing
services to help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit
http://www.infosys.com
Safe Harbor
Certain statements in this release concerning our future
growth prospects are forward-looking statements, 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, 2011 and on Form 6-K for the quarters ended June 30, 2010,
September 30, 2010 and December 31, 2010.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. 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.
For further information please contact:
China
Jenny Hu
Infosys China
Jenny_Hu@infosys.com
The Americas Asia Pacific
Peter McLaughlin Priyanka Waghre
Infosys Technologies Ltd, US Infosys Technologies Ltd, India
Phone: +1-213-622-4949, Ext 206 Phone: +91-80-2852-0261 ext64999
Peter_McLaughlin@infosys.com Priyanka_Waghre@infosys.com
Australia EMEA
Cristin Balog Antonia Maneta
Infosys Technologies Ltd, Australia Infosys Technologies Ltd, UK
Phone : +61-3-9860-2277 Phone: +44(0)207-715-3499
Cristin_Balog@infosys.com Antonia_Maneta@infosys.com
Source: Infosys Technologies Ltd
.