INDIANAPOLIS, Indiana, April 26, 2018 /PRNewswire/ --
Infosys to build state-of-the-art training and residential center for employees and clients to prepare workforce for the jobs of the future; Commits to 1,000 Additional American Jobs
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, announced it will establish its U.S. Education Center in Indianapolis to train American workers and arm them with skills for the digital future. The company also announced that it has expanded its hiring plans for Indiana from 2,000 to 3,000 new jobs by the end of 2023.
Infosys will provide an initial investment of $35 million to create the first 125,000 sq. ft. of development to transform the 70.5-acre site at the old Indianapolis airport terminal into its U.S. Education Center. Infosys will break ground on this initial phase before the end of 2018 and anticipates its completion by the end of 2020. The initial phase will comprise of a training center and will accommodate a 250-person residential facility. The Center will also serve as a hub for development of next-generation digital technologies.
"Today's announcement with Infosys is a big win-not just for Indiana but for the nation as a whole, which is why I'm glad Vice President Pence was able to join us," Governor Eric J. Holcomb said. "Infosys' state-of-the-art training facility will teach thousands of folks across America right here on Indiana soil. And, it will help prepare more current and future Hoosiers for success in our rapidly evolving, global economy."
Infosys' vision for the finished site includes regeneration of the area to feature walkways, green spaces and recreational facilities. Using learnings and best practices from Infosys' Global Education Center in Mysore, India-the world's largest corporate university-and partnerships with academia and education providers, the initial training programs at the visionary U.S. Education Center will combine classroom-based and immersive, real-world learning focused on key competencies such as user experience, cloud, big data, and core technology and computer science skills.
"We are excited to partner with Indiana to grow our U.S. presence by building our U.S. Education Center here, which is dedicated to continuous learning and incubating the skills of the future," said Ravi Kumar, President, Infosys. "At Infosys, we have always invested in advanced technology and skills and bring deep experience from running the largest corporate training facility in the world. Our new Indianapolis facility will prepare our American employees-and those of our clients-to master the kinds of advanced skills that are now required to succeed in our digital future."
This announcement is part of Infosys' commitment to hire 10,000 American workers over the next two years and invest in training to ensure that the U.S. workforce has the essential skills required for the digital economy.
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 these 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.