Infosys BPO, the business process outsourcing subsidiary of Infosys, announced that the company is collaborating with the Government of Costa Rica and the Costa Rican Investment Promotion Agency (CINDE) to train students on technical and business process skills. This program will play an important role in strengthening the existing talent pool in the country and provide an enriching international exposure to the selected students. The agreement was signed in the presence of His Excellency, Luis Lieberman, Vice President of Costa Rica.
• The ten-week intensive training program will see 64 students acquire skills on SAP and cloud technologies based on Microsoft and Java platforms at the Infosys campus in Mysore, India.
• The first program is slated to complete by March 2014.
• The Costa Rican students will get hands-on experience by working on real-life projects. They will also get an opportunity to interact with other Indian and international trainees on the campus.
• Infosys BPO has been closely associated with the Government of Costa Rica and has established a world-class delivery center in San Jose, Costa Rica, earlier in February 2013.
• Collaborations such as these will play a key role in helping Costa Rica expand its workforce in the services sector and gain expertise to take on international projects thereby fostering economic growth.
Anabel González, Minister of Foreign Trade, Government of Costa Rica:
“Programs such as these, developed with companies like Infosys, allow Costa Ricans to acquire first world knowledge, strengthening skills and the country's competitiveness. Education, talent, and our human resources capacity are widely recognized at an international level. These types of programs are proof of the country's openness to work hand in hand with leading companies like Infosys in the constant training of human capital in new knowledge areas. Furthermore, it allows us to continue positioning the country as a prime location to foster innovative and high value added processes.”
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO:
“Learning from some of the best minds in the business using world-renowned training methodologies at Infosys, the trainees from Costa Rica will gain valuable skills and experience needed to work with global businesses. Costa Rica is a key element of our global footprint. This partnership exemplifies our commitment to collaborate with the community in geographies we operate in and address local challenges.”
Yersinio Jiménez, student undergoing the training at Infosys:
“It is highly motivating to have access to first-class instructors like those we have here at Infosys, India.
The Costa Rican Investment Promotion Agency (CINDE) is a private, non-profit and a political organization. During its 30 years, CINDE (cinde.org) has attracted more than 250 companies to Costa Rica, including worldwide leaders. CINDE actively participates in internationally recognized forums, which are related to monitoring and promoting foreign investment, such as the World Association of Investment Promotion Agencies (WAIPA).
Infosys (infosys.com) is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
About Infosys BPO
Infosys BPO Ltd (infosysbpo.com), the business process outsourcing subsidiary of Infosys Ltd., was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United States, China, the Philippines, Japan and Australia, and as of December 31, 2013, employed 27,894 people. It closed FY 2012-13 with revenues of $583.1 million.
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 quarter ended September 30, 2013. These filings are available at 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 it is required by law.
Ken Montgomery, GolinHaris, USA
P: +1 415-318-4399 - E: KMontgomery[.]GolinHarris.com.
Chaitali Pishay, The PRactice
P: +91 93 79917540 - E: chaitali[.]the-practice.net.