BENGALURU, India, February 20, 2018 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced the launch of a joint Center of Excellence (CoE) with PTC, a global provider of technology platforms and solutions, at the Infosys campus in Bengaluru. This CoE will focus on solutions for brownfield as well as greenfield industrial setups.
This CoE will build on Infosys' Industry 4.0 thought leadership, deep knowledge of traditional product engineering and industry domains, along with the understanding of clients' existing assets, products and production lines grounds up. On this strong foundation, Infosys will continue to make targeted investments in building vertical-specific solutions leveraging technologies of tomorrow, including an extensive Internet of Things (IoT) ecosystem that leverages the PTC ThingWorx® industrial innovation platform, to help customers realize the tangible benefits of Internet of Things (IoT).
Ravi Kumar, President & Deputy Chief Operating Officer, Infosys, said, "PTC is a strategic global partner for us. Based on our strong foundation of product engineering excellence, we will be able to create applications like product lifecycle management (PLM) solutions, Augmented Reality (AR) experiences and service lifecycle management (SLM) solutions leveraging their ThingWorx IoT platform. Together we will accelerate digital innovation and drive significant business outcomes for our clients."
Catherine Kniker, Chief Revenue Officer, ThingWorx, PTC, said, "We have the most robust IoT technology in the world enabling organizations to improve the way that they design, manufacture, sell, operate, and service their products. Our joint Center of Excellence (CoE) with Infosys in Bengaluru will help enterprises transform and generate significant value in today's competitive business landscape."
PTC and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.
Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve those effectively. Our team of 200,000+ innovators, across the globe is differentiated by the imagination, knowledge and experience across industries and technologies that we bring to every project we undertake.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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, 2017. 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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.