Infosys Completes Acquisition of Lodestone Holding AG
BANGALORE, India, October 22, 2012
BANGALORE, India, October 22, 2012 /PRNewswire/ --
Agreement c reates world-class team to accelerate transformation and
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 . 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."
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 ^® today.
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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.
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,
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