Infosys BPM opens second office in Aguadilla; Brings new jobs to the Island

Rhea-AI Summary

Infosys BPM has inaugurated a second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. An investment of $200,000, supported by the Puerto Rico Economic Incentive Fund, will create 325 new jobs, expanding the current workforce of 300. The new office will cater to clients in aerospace, healthcare, insurance, financial services, and telecommunications. This expansion aims to boost the local economy and provide employment opportunities in knowledge-based data processing and customer service. Infosys BPM's CEO emphasized the company's commitment to innovation and operational efficiency.

Positive

• Investment of $200,000 in new facility.
• Creation of 325 new jobs, expanding workforce to 625.
• Enhanced capacity to serve more clients across multiple industries.
• Support from Puerto Rico Economic Incentive Fund.

Negative

• None.

AGUADILLA, Puerto Rico and BANGALORE, India, June 27, 2024 /PRNewswire/ -- Infosys BPM, the business process management arm of Infosys (NSE: INFY) (BSE: INFY) (NYSE:INFY), is pleased to announce the inauguration of its second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. This new facility benefits from an investment of US$200,000 and support from the Puerto Rico Economic Incentive Fund, allocated by the Department of Economic Development and Commerce (DDEC). The expansion will generate 325 new jobs that will be added to the current workforce of 300 workers.

The new office will enable Infosys BPM to expand its capacity to serve more clients in the aerospace, healthcare, insurance, financial services, and telecommunications industries. This will create employment opportunities for local talent skilled in knowledge-based data processing and customer service, contributing significantly to the economy of the northwest region of the Island.

The Hon. Secretary of the DDEC, Manuel Cidre, highlighting the growth potential of the company expanding in Puerto Rico, said, "This second Infosys center will continue to provide services to local and global clients in the United States, Europe, the Middle East, and Africa, with highly qualified professionals who work at the forefront of innovation and technology. It is another step forward towards accelerating growth across industries in Puerto Rico, which will strengthen its position in the global market."

Hon. Julio Roldan Concepcion, Mayor of Aguadilla, added, "We are delighted to continue to host Infosys BPM and are confident that this new facility will contribute significantly to the local economy. Infosys BPM has always added value to Aguadilla's economic landscape."

Reaffirming the company's commitment to enhancing operational efficiencies, driving greater productivity, and providing exceptional value to its clients, Anantha Radhakrishnan, CEO & Managing Director, Infosys BPM, said, "Our expanded new facility in Puerto Rico is another significant step towards accelerating innovation for global companies, as Infosys BPM continues to be laser-focused on providing value from great processes and compelling experiences. We appreciate the immense support given to us by local policy makers to accelerate our vision for shared progress."

About Infosys BPM

Infosys BPM Limited, a wholly owned subsidiary of Infosys Limited (NSE, BSE, NYSE: INFY), was established in April 2002. We offer integrated end-to-end transformative business process management (BPM) services and have journeyed through the table stakes of effectiveness and efficiency with an ever-increasing focus on enhancing stakeholder experience and empathy. We enable clients to navigate their digital journey, operating from 45 delivery centres across 16 countries, with over 57,500 people from 111 nationalities.

Visit www.infosysbpm.com to learn how Infosys BPM can help your enterprise navigate your next.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements 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 or outcomes 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 the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at 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 it is required by law.

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SOURCE Infosys

FAQ

What is the latest investment by Infosys BPM in Puerto Rico?

Infosys BPM has invested $200,000 in a new facility in Aguadilla, Puerto Rico.

How many new jobs will the Infosys BPM facility in Aguadilla create?

The new facility will create 325 new jobs.

Which industries will the new Infosys BPM office in Aguadilla serve?

The new office will serve clients in aerospace, healthcare, insurance, financial services, and telecommunications.

What is the current workforce size of Infosys BPM in Aguadilla before the new facility?

Infosys BPM currently has a workforce of 300 workers in Aguadilla.

How does the new Infosys BPM facility in Aguadilla contribute to the local economy?

The facility will create new employment opportunities and support local talent in knowledge-based data processing and customer service, boosting the local economy.