Infosys Public Services Selected by CareFirst BlueCross BlueShield to Support
ROCKVILLE, Maryland, June 13, 2013
ROCKVILLE, Maryland, June 13, 2013 /PRNewswire/ --
CareFirst BlueCross BlueShield (CareFirst) has selected Infosys Public
Services, a U.S.-based subsidiary of Infosys, a leader in business consulting
and technology, to support its IT operations and provide application
development and other support services as a part of a new managed services
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
Infosys Public Services will support CareFirst's IT area to help create a
cost-effective delivery model. Through its agreement with Infosys Public
Services, CareFirst aims to reduce costs and achieve efficiencies in
application support during the three-year contract term.
oInfosys Public Services has supported CareFirst with a range of
application development and testing services since 2010.This transition to
managed services extends the relationship and will help ensure consistent
oInfosys Public Services will setup a secure facility within its newly
established delivery center in Rockville, Maryland to service the
oThe agreement will allow CareFirst to consolidate IT support services
currently managed by multiple vendors.
oInfosys Public Services will support business areas across CareFirst with
the goal of managing anticipated capacity growth and increasing the
ability of the IT organization to implement new business requirements and
Harry D. Fox, CareFirst Senior Vice President, Technical and Operational
"The IT demands on CareFirst and on the health care sector as a whole are
growing in scope and complexity. This move to managed services will help us
better meet consumer, provider and market needs as the health care industry
evolves and shift CareFirst associates to key strategic projects."
Eric Paternoster, CEO, Infosys Public Services:
"Our deep experience in the health care industry and globally benchmarked
service delivery processes will assist CareFirst with IT support services to
continue providing more affordable, patient-centered health care."
oRead our Rockville headquarters opening announcement.
oRead about Infosys Public Services Healthcare Insights.
In its 76th year of service, CareFirst, an independent licensee of the Blue
Cross and Blue Shield Association, is a not-for-profit health care company
which, through its affiliates and subsidiaries, offers a comprehensive
portfolio of health insurance products and administrative services to 3.4
million individuals and groups in Maryland, the District of Columbia and
Northern Virginia. In 2012, CareFirst contributed $57 million to community
programs designed to increase the accessibility, affordability, safety and
quality of health care throughout its market areas. To learn more about
CareFirst BlueCross BlueShield, visit our website at http://www.carefirst.com
or follow us on Twitter: http://twitter.com/CareFirst_News.
About Infosys Public Services
Infosys Public Services, a U.S. based subsidiary of Infosys (NYSE:INFY), is a
leader in business consulting and technology solutions. We partner with
healthcare and public sector organizations to help them stay ahead of the
innovation curve. Our solutions, combined with execution excellence and
proven best practices, allow clients to optimize their operations today while
building tomorrow's enterprise. Visit http://www.infosyspublicservices.com to
Infosys is a global leader in business consulting and technology solutions. As
a proven partner focused on building tomorrow's enterprise, Infosys enables
clients in more than 30 countries to outperform the competition and stay ahead
of the innovation curve.
Ranked in the top tier of Forbes' 100 most innovative companies, Infosys -
with $7B in annual revenues and 150,000+ employees- provides enterprises with
strategic insights on what lies ahead. We help enterprises transform and
thrive in a changing world through strategic consulting, operational
leadership and the co-creation of breakthrough solutions, including those in
mobility, sustainability, big data and cloud computing.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY) is Building
Tomorrow's Enterprise® today.
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, 2013 and on Form 6-K for the quarters
ended June 30, 2012, September 30, 2012 and December 31, 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 unless required by law.
For more information, please contact:
Infosys Public Relations
GolinHarris - Washington DC
Abhijith Karthikeya D
Paul De Lara
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