Leading European security provider to leverage
Infosys Cobalt to modernize core systems across eight
countries
BENGALURU, India ,
July 9,
2024 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY)
(NYSE: INFY), a global leader in next-generation digital services
and consulting, today announced a strategic five-year collaboration
with Sector Alarm, one of Europe's
leading providers in security, who are partially owned by
global investment firm KKR, to transform their core enterprise
business systems on the cloud. Through this collaboration, Infosys
will work closely with Sector Alarm to migrate their disparate,
on-premises Enterprise Resource Planning (ERP) platform onto
Microsoft Dynamics 365 Finance and Operations (F&O), helping
them modernize their financial and business operating models.
Capitalizing on Infosys' digital transformation capabilities, the
Microsoft platform will enable Sector Alarm to streamline finances,
gain business insights, and help seamlessly integrate with their
existing CRM platform.
Infosys was chosen by Sector Alarm for its proven track record
in the Nordics region, experience with PE customers, deep domain
expertise in cloud-powered ERP transformation, and next-gen
Application Management Services (AMS). By leveraging the power
of Infosys Cobalt, a set of services, solutions and platforms
for enterprises to accelerate their cloud journey, the Microsoft
Dynamics 365 F&O will also help Sector Alarm to streamline
business processes, enable higher customer retention and
acquisition, improve customer experience, protect employee
experience, and reduce Total Cost of Ownership of new systems. The
Microsoft Dynamics 365 F&O implementation will take place in a
phased manner across eight European
countries, including Norway,
Sweden, Finland, Italy, and France.
Lorenzo Bianchi, Chief Digital
Transformation Officer, Sector Alarm, said, "At Sector Alarm,
we are committed to continuous growth and to providing exceptional
security solutions to our customers. Partnering with Infosys on
implementing cloud-based ERP solutions, coupled with their strong
collaboration with Microsoft, is a strategic step towards achieving
this goal. Infosys' expertise will give us the scalability and
operational efficiency needed to seamlessly scale our business and
reach new heights."
Jasmeet Singh, EVP and Global
Head of Manufacturing, Infosys, said, "This collaboration with
Sector Alarm is a testament to Infosys' expertise in driving
digital transformation for high-growth organizations. By leveraging
cloud-based ERP and CRM solutions and our long-term partnership
with Microsoft, we are looking forward to empowering Sector Alarm
with a robust IT platform to achieve their ambitious growth. With
this key win, we are well poised to establish ourselves as a
trusted partner in the European security systems market."
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE,
NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements 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 or outcomes 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 the execution of our business strategy,
increased competition for talent, our ability to attract and retain
personnel, increase in wages, investments to reskill our employees,
our ability to effectively implement a hybrid work model, economic
uncertainties and geo-political situations, technological
disruptions and innovations such as Generative AI, the complex and
evolving regulatory landscape including immigration regulation
changes, our ESG vision, our capital allocation policy and
expectations concerning our market position, future operations,
margins, profitability, liquidity, capital resources, our corporate
actions including acquisitions, and cybersecurity matters.
Important factors that may cause actual results or outcomes to
differ from those implied by the forward-looking statements are
discussed in more detail in our US Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2024.
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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