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Infosys to Open New Digital Innovation Center in Romania

Posted On: 2019-03-16 08:37:38

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it will be opening a new Digital Innovation Center in Bucharest, Romania at an event attended by local government officials and university representatives. The center will focus on developing offerings for clients based on cutting-edge digital technologies including Cloud, Big Data, Artificial Intelligence and Machine Learning.

Infosys will invest in training programs for both its current employees and new hires. These training programs will focus on several key competencies including user experience, Cloud, Big Data, digital offerings, core technology skills and computer science skills.

The company has also announced that it is entering into an agreement with the University of Bucharest and the University Politehnica Bucharest to form a strategic partnership for technology innovation and Romanian workforce development; including joint training courses, scholarships and research. The training programs for Romania will leverage the learnings and best practices the company has developed through decades of experience running the Infosys Global Education Center, one of the world's largest corporate universities, located in Mysore, India.

Infosys also plans to open a new Cyber Defence Center in Bucharest this summer. The Center will provide end-to-end 24/7 cybersecurity services to help European and global clients progress on their digital transformation journey. Services include cyber forensics, ethical hacking, security analytics, threat detection and response. The center in Bucharest will be vital to delivering services across the European region, given GDPR and other country-specific data regulation requirements.

Currently Infosys, which was recently recognised as a Top Employer in Europe, has operations across 15 European countries, employing more than 12,000 people. The company works with both European and global clients in a range of industries, including financial services, healthcare, life sciences, business process management, utilities, manufacturing and retail.

Ravi Kumar S., President, Infosys, said, "Our Digital Innovation Center in Bucharest marks an important step forward for Infosys as it further expands its presence across Europe, improving our ability to serve both our regional and global clients. By partnering with key local academic institutions, we are creating organic talent pools in Romania that do not exist in the market today. By training and developing a highly skilled workforce in Romania, we can help close the digital skills gap in the region and contribute to the Romanian and European economy."

Mircea Dumitru, Rector of The University of Bucharest, said, "Europe is a hotbed for innovation, and the next generation of workforce is keen to develop its skills and knowledge in the digital age, through the best training and hands-on experience. We've partnered with Infosys so that young Romanian specialists can work and train with the best-in-class Infosys experts at the new center to become more skilled and better prepared to help shape Europe's digital future."

Ana Birchall, Vice Prime Minister of Romania, said, "IT services is a huge growing industry in Romania and this new Digital Innovation Center offers a great opportunity for students and professionals alike to develop their skills, find new career prospects and enhance cutting-edge digital technologies across industries in Romania and Europe. From an economic perspective, I would like to underscore the rapid-paced growth patterns of both our countries, with India being the fastest growing economy in the world and Romania mirroring at an EU level. In this positive context we should take full stock of all opportunities to further consolidate the extended partnership between Romania and India. Moreover, the economic growth of our country in the last couple of years represents an open invitation to pre-eminent investors and companies like Infosys to bring added value and open new economic opportunities."

Shares of INFOSYS LTD. was last trading in BSE at Rs.709.15 as compared to the previous close of Rs. 706.9. The total number of shares traded during the day was 466106 in over 8075 trades.

The stock hit an intraday high of Rs. 718.75 and intraday low of 706.35. The net turnover during the day was Rs. 331558243.


Source: Equity Bulls

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