Infosys to Modernize CIRCOR's IT Infrastructure Landscape for Efficient and Agile Operations

Rhea-AI Summary

Infosys (NYSE: INFY) has partnered with CIRCOR International to transform its IT infrastructure, enhancing service delivery and cybersecurity. The collaboration focuses on deploying SLA-based managed IT services, modernizing local data centers, and integrating ServiceNow as the IT service management platform. The initiative aims to deliver cost savings and productivity improvements while ensuring compliance with cybersecurity standards. This strategic engagement underscores Infosys' capabilities in system integration and automation to meet evolving client needs.

Positive

• Collaboration with CIRCOR to transform IT infrastructure and enhance service delivery.
• Deployment of SLA-based managed IT services aims for significant cost savings.
• Use of ServiceNow for improved IT service management and operations.
• Focus on modernizing cybersecurity for compliance and reliability.

Negative

• None.

The cloud-based, enterprise-wide transformation will also revamp CIRCOR's cybersecurity platform for uninterrupted service delivery

BENGALURU, India, Oct. 20, 2022 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with CIRCOR International, one of the world's leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, to transform its IT infrastructure, service desk, and user support applications. As part of this strategic engagement, Infosys will work on transforming CIRCOR's IT landscape and modernize its IT infrastructure.

CIRCOR selected Infosys for its strong system integration and automation capabilities, extensive partner network, and ability to effectively address client requirements. Through this collaboration, Infosys will transform IT services for CIRCOR's business users by deploying SLA-based managed IT services, improve processes, bring in agility into operations and will also modernize the local data centers and cloud landscapes. 

Infosys will additionally provide integrated services and use ServiceNow as an IT service management platform (ITSM) to support CIRCOR's infrastructure, applications, and operations. Further, Infosys will modernize CIRCOR's cybersecurity landscape, leveraging its Cyber Next platform and helping CIRCOR improve its cybersecurity capability maturity model (CMMC) compliance. The engagement aims to ensure significant cost savings through the duration of the program and enable year-on-year productivity improvements.

Speaking about the collaboration, Pete Sattler, Chief Information Officer, CIRCOR, said, "The goal of our alliance with Infosys is to offer all our customers – both internal and external – faster and more reliable service, enhance our cybersecurity, and provide 24x7 monitoring for our global IT environment."

Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, "We are delighted to collaborate with CIRCOR to fulfill its strategic business goals and accelerate its IT infrastructure transformation journey. With an in-depth understanding of CIRCOR's business priorities and challenges, Infosys will help improve IT service delivery and productivity through analytics, automation, and process maturity."

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. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered 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, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders 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 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. 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 partnership between Infosys and CIRCOR about?

Infosys is collaborating with CIRCOR International to transform its IT infrastructure, focusing on service delivery and cybersecurity enhancements.

How will Infosys improve CIRCOR's IT services?

By deploying SLA-based managed IT services and using ServiceNow for IT service management, Infosys aims to enhance operational efficiency.

What are the expected benefits of the Infosys and CIRCOR collaboration?

The partnership aims for cost savings, improved productivity, and enhanced cybersecurity compliance.

What is the date of the Infosys and CIRCOR announcement?

The announcement was made on October 20, 2022.

What stock symbol is associated with Infosys?

The stock symbol for Infosys is INFY.