INFOSYS LIMITED: RWE Selects Infosys as its Transformation Partner
RWE Supply & Trading Selects Infosys as its Transformation Partner
Five year, pan-European partnership agreement funds innovation and growth
Bangalore, 2 April 2013: Infosys, the global consulting and technology leader
has signed an agreement with RWE Supply & Trading (RWEST), a leading European
energy trading house, to provide technology services to transform its trading
operations to create business efficiencies and drive growth from new markets
Central to the agreement is an `Innovation and Gain-Share' model supported by a
joint investment framework to identify and implement innovative business and
technology projects that will deliver measurable benefits to RWEST.
* Consulting and technology services for applications transformation and
* Transition to a managed services model for application management
* Business case, solution architecture and operating model design for a
future cloud-enabled corporate infrastructure
* Support for trading systems in Essen Germany, where RWEST runs the largest
and most sophisticated energy trading floor in Europe, and other locations
including Netherlands and UK
Marcus Schaper, Head of IT at RWE Supply & Trading:
"Infosys was able to offer us a full range of technology services coupled with
a strong track record supporting energy and financial trading systems. They
brought commercial flexibility and a long-term perspective to create a
compelling case for our dynamic business."
Kush Sharma, Head of Utilities at Infosys in Europe:
"We are confident that this association with RWEST will enable strategic growth
through the transformation of their trading platform. We will help them use
savings generated to make investments that can drive operational efficiency
and, more importantly, competitive advantage."
Infosys now supports three of the leading trading houses in the European energy
* Video on Infosys work with Dutch subsidiary of RWE, Essent, here
* Infosys Generation and Trading solutions for Utility and Energy here.
* white paper: The Effect of Offshore Wind and Photovoltaic Solar Growth on
European Energy Market Trading and Operations here
* Infosys Utilities practice here
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 www.infosys.com and see how Infosys (NYSE: INFY), with its
150,000+ people, is Building Tomorrow's Enterprise® today.
# # #
Certain statements in this release concerning our agreement with RWE Supply &
Trading (RWEST) to provide technology services 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, time and cost overruns on fixed-price, fixed-time frame contracts,
disruptions in telecommunication networks or system failures which may affect
our ability to provide services under the agreement with RWEST. 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
to do so.
For further information please contact:
EMEA Asia Pacific
Paul de Lara Abhijith Karthikeya D
Infosys, United Kingdom Phone: +91 80 4156 3373
Phone: +44 2075162748 Abhijith_damodar@infosys.com
Cristin Balog Infosys, United States
Phone: +1 510 859 5783
Phone: +61 3 9860 2277
-0- Apr/02/2013 06:40 GMT
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