KONE Selects Infosys to Support its IT Transformation

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, announced that KONE, a global leader in the elevator and escalator industry, has selected Infosys to support its IT transformation. Infosys' strengths in SAP, systems delivery and automation will strengthen KONE's IT capabilities in application development and maintenance.

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Infosys will also establish its first Design and Innovation Center in Helsinki, consolidate its presence in the market as well as strengthen its commitment to KONE and other clients in the Nordics region. The facility will provide end-to-end technology, consulting, and systems integration services, and will house a Design Thinking and Innovation lab where Infosys customers across the Nordics will have access to disruptive tools and technologies that can transform their businesses.

Quotes: 

Antti Koskelin, Senior Vice President and CIO, KONE Corporation, said, "Digitalising our business has been a strategic imperative for KONE globally and developing our IT function is an integral part of this business transformation. We were looking for a partner with proven expertise in SAP landscape operations and implementation to enable us to do more. We have successfully transitioned from the incumbent provider to Infosys and we are very impressed with Infosys team's focus and commitment to delivering 'best-in-class' services across all our global hubs in China (Shanghai), USA (Moline) and Finland (Espoo). We greatly look forward to the success of this partnership in helping us achieve our goals over the next few years."

Nitesh Banga, Senior Vice President and Global Head of Manufacturing, said, "Infosys' unique 'people plus software' approach, Design Thinking and Zero Distance innovation has enabled our team to transition, elevate, evolve and transform KONE's ERP service delivery and landscape. Our transformation and service improvement roadmap will reduce systems related disruptions to KONE's global businesses, achieve a cost reset, and finally, embark on a simplification and modernisation journey to future-proof KONE's IT investments in the ERP space."   

About KONE 

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. http://www.kone.com.

About Infosys 

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor 

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2017. 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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.