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The Neiman Marcus Group and Infosys Establish Strategic Sourcing Initiative to Reduce IT Operational Costs - Infosys to develop, maintain and support luxury retailer's application portfolio (NASDAQ: INFY)
The Neiman Marcus Group and Infosys Establish Strategic Sourcing Initiative to Reduce IT Operational Costs

 

PRZOOM - /newswire/ - Fremont, CA, United States, 2010/10/19 - Infosys to develop, maintain and support luxury retailer's application portfolio (NASDAQ: INFY). NYSE: INFY

   
 
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News Highlights:
• Neiman Marcus, Inc., a U.S.-based luxury retailer, has selected Infosys Technologies (INFY) as their strategic sourcing partner for providing application development and maintenance services for business applications across their stores, online and catalogue business operations.

• Neiman Marcus was seeking ways to leverage their investment in IT and business application services, bringing in process improvements to align with the changing market and consumer trends and becoming more cost efficient in their operations. Infosys was selected for its ability to demonstrate their retail industry expertise, understanding of the apparel and luxury market, and their vision and investment in consumer-centric retail innovation. With a focus on cost optimization, increased flexibility, speed and innovation while improving quality and customer service, the Infosys solution was in alignment with Neiman Marcus' vision and overall requirements.

Key Quotes:

• Phillip Maxwell, Senior Vice President and CIO Neiman Marcus: "We maintain a high level of system availability and deliver quality solutions to satisfy current and future business needs. By partnering with Infosys and leveraging its rich retail expertise, we are able to stay focused on serving the unique needs of the luxury market, providing our customers with distinctive merchandise and superior service as well as staying committed to productivity improvement."

• Dinesh Bajaj, Vice President, Infosys Retail and CPG Practice: "Our mission is to help Neiman Marcus achieve its goal to transform its IT organization to become more nimble, efficient yet more focused on delivering innovative solutions to fulfill its evolving business needs. The strategic sourcing relationship with Neiman Marcus reinforces Infosys' position as a partner of choice for leading retailers worldwide."

Industry Expert: Prashant Ratnakar Bhat , Infosys Technologies

About Neiman Marcus, Inc.
Neiman Marcus, Inc. (neimanmarcusgroup.com) operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both online and print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.

About Infosys Technologies Ltd
Infosys (infosys.com) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 122,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow.

Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at sec.gov Opens in a new window including our Annual Report on Form 20-F for the year ended March 31, 2010, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

 
 
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The Neiman Marcus Group and Infosys Establish Strategic Sourcing Initiative to Reduce IT Operational Costs

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Contact: Stephanie Leonard - Infosys.com 
510-857-6153 stephanie_leonard[.]infosys.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infosys Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

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