PROVIDENCE, Rhode Island, November 27, 2017 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced a multi-year partnership with the State of Rhode Island to establish an Infosys Design and Innovation Hub. Infosys will also hire 500 American workers in Rhode Island over the next five years.
"We are excited to welcome Infosys to Rhode Island," said Governor Raimondo. "Because of our investments in higher education and job training at CCRI and other institutions across the state, Rhode Islanders are well-equipped and well-prepared to compete for these good paying jobs. Infosys joins a growing local market of innovative, advanced industry companies that have chosen to plant a flag in Rhode Island."
"Today's partnership with Rhode Island marks another important step forward for Infosys in the United States. The state's educational institutions, design-rich environment, and economic development tools, positioned Rhode Island competitively for this type of specialist partnership," said Ravi Kumar, President, Infosys. "This will enhance our ability to provide design-driven, digital technologies across the country and enable breakthrough innovations at the intersection of industry and design for our clients."
Earlier this year, Infosys committed to hiring 10,000 American workers over the next two years. The company has been making rapid progress and is on target to hire towards that commitment, and is investing in Technology and Innovation Hubs in Indianapolis, Indiana and Raleigh, North Carolina.
Today's announcement is a continuation of Infosys' campaign to boost innovation in the United States. These new hires in Rhode Island will include experienced designers, design architects, specialists in information design and technical experts to accelerate the digital transformation of Infosys' clients in Rhode Island and beyond. This partnership also offers a unique platform to nurture specialist design talent at scale to serve the growing demand for design-driven digital skills across industries.
The Design and Innovation Hub, which intends to apply for Qualified Jobs and Rebuild Rhode Island incentives, will help close the gap for design and human-centric skills in technology fields. The Hub will offer early-career designers and design graduates unique training opportunities with in-demand digital skills including exposure to systems, platforms, strategy and organization domains to make them more employable in today's digital world. By studying everything from user-experience to how people interact with systems, these design-focused hires will be equipped to create fully realized, 360-degree solutions to business challenges. Built on a model of interdisciplinary collaboration, the Hub will facilitate interactions between early-career designers and working professionals and technical experts in such fields as architecture, engineering, data science and business consulting. Infosys' clients and industry partners will likewise benefit from increased access to top-tier designers and subject matter experts.
Infosys' ongoing commitment to training and upskilling a new generation of American technology professionals extends to the work of its charitable foundation, Infosys Foundation USA. More than 4.7 million students, over 13,000 teachers, and 21,000 schools across America have benefited from computer science training and equipment funded through the foundation. The Foundation has provided multiple grants to teachers and schools across Rhode Island - to date, grants made by the foundation have reached 930 students, 20 teachers and 18 schools across the state.
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 198,000+ 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.