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Infosys Completes Acquisition of Lodestone Holding AG
BANGALORE, India, October 22, 2012 /PRNewswire/ --
Agreement creates world-class team to accelerate transformation and
innovation-led growth
Infosys, a global leader in consulting and technology, today announced it has
completed the acquisition of Lodestone Holding AG, a leading management consultancy based
in Switzerland.
The acquisition is in accordance with the terms set out in the agreement announced on
September 10
[http://www.infosys.com/newsroom/press-releases/Pages/infosys-to-acquire-lodestone.aspx ].
The deal strengthens the management consulting capabilities of Infosys around the world,
adding more than 750 experienced consultants and 200 clients in wide-ranging areas such as
manufacturing and the automotive and life sciences industries.
"Our clients are looking for help driving the transformations that will allow them to
be successful in a challenging and dynamic market," said Mr. S.D. Shibulal, CEO & Managing
Director, Infosys. "Combining our global scale with Lodestone's consulting heritage
creates a world-class team that can bring clients a broad spectrum of capabilities across
consulting, systems integration, and outsourcing."
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth. That's
why Forbes ranked Infosys 19 among the top 100 most innovative companies. As a leading
provider of next-generation consulting, technology and outsourcing solutions, Infosys
helps clients in more than 30 countries realize their goals. Visit
http://www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people,
is Building Tomorrow's Enterprise(R) today.
# # #
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, 2012 and on Form 6-K for the quarters ended September 30,
2011, December 31, 2011 and June 30, 2012.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.
Infosys Ltd
CONTACT: For further information please contact: EMEA: Paul de Lara, Infosys Ltd., United Kingdom, Phone: +44-2075162748, Paul_delara@infosys.com; Asia Pacific: Sarah Vanita Gideon, Infosys Ltd., India, Phone: +91-80-4156-4998, Sarah_Gideon@infosys.com; Australia: Cristin Balog, Infosys Ltd., Australia, Phone: +61-3-9860-2277, Cristin_Balog@infosys.com; Americas Danielle D'Angelo, Infosys Ltd., United States, Phone: +1-510-859-5783, Danielle_DAngelo@infosys.com
Infosys Completes Acquisition of Lodestone Holding AG
BANGALORE, India, October 22, 2012 /PRNewswire/ --
Agreement creates world-class team to accelerate transformation and
innovation-led growth
Infosys, a global leader in consulting and technology, today announced it has
completed the acquisition of Lodestone Holding AG, a leading management consultancy based
in Switzerland.
The acquisition is in accordance with the terms set out in the agreement announced on
September 10
[http://www.infosys.com/newsroom/press-releases/Pages/infosys-to-acquire-lodestone.aspx ].
The deal strengthens the management consulting capabilities of Infosys around the world,
adding more than 750 experienced consultants and 200 clients in wide-ranging areas such as
manufacturing and the automotive and life sciences industries.
"Our clients are looking for help driving the transformations that will allow them to
be successful in a challenging and dynamic market," said Mr. S.D. Shibulal, CEO & Managing
Director, Infosys. "Combining our global scale with Lodestone's consulting heritage
creates a world-class team that can bring clients a broad spectrum of capabilities across
consulting, systems integration, and outsourcing."
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth. That's
why Forbes ranked Infosys 19 among the top 100 most innovative companies. As a leading
provider of next-generation consulting, technology and outsourcing solutions, Infosys
helps clients in more than 30 countries realize their goals. Visit
http://www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people,
is Building Tomorrow's Enterprise(R) today.
# # #
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, 2012 and on Form 6-K for the quarters ended September 30,
2011, December 31, 2011 and June 30, 2012.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.
Infosys Ltd
CONTACT: For further information please contact: EMEA: Paul de Lara, Infosys Ltd., United Kingdom, Phone: +44-2075162748, Paul_delara@infosys.com; Asia Pacific: Sarah Vanita Gideon, Infosys Ltd., India, Phone: +91-80-4156-4998, Sarah_Gideon@infosys.com; Australia: Cristin Balog, Infosys Ltd., Australia, Phone: +61-3-9860-2277, Cristin_Balog@infosys.com; Americas Danielle D'Angelo, Infosys Ltd., United States, Phone: +1-510-859-5783, Danielle_DAngelo@infosys.com