Infosys invests $1.8 mn in AustraliaJuly 7th, 2008 - 9:25 pm ICT by IANS
Bangalore, July 7 (IANS) IT major Infosys announced Monday that it was investing 1.9 million Australian dollars ($1.8 million) in the IT services industry of Australia to develop a research and development (R&D) programme. “Infosys has invested in the future of Australia’s IT services industry, committing up to 1.9 million Australian dollars in cash and services to the newly formed Smart Services Cooperative Research Centre (CRC),” the company said in a statement here.
The CRC will bring together the best technology minds from industry, six Australian universities and the government to develop the R&D programme aimed at creating intellectual property (IP) of value to Australia’s services market - with initial demonstrators planned for the finance, media and government sectors, it said.
This IP will be engineered and commercialised by CRC participants, resulting in new technology products and services that will increase the competitiveness of Australia’s IT industry and make the services market more innovative.
“As the only global IT services company involved with the programme, Infosys is spearheading the CRC from a technology perspective alongside SAP, with industry heavyweights like Telstra, Fairfax Digital and Suncorp-Metway actively involved in setting the research agenda. World-class researchers from around the country will also contribute to the R&D and IP creation,” the statement said.
“Innovation is imperative for growth, and with Australia an emerging market on the global IT stage, we’re pleased to be contributing to the development of the industry in such a significant way,” said Infosys Australia CEO Gary Ebeyan.
Infosys’ participation in Smart Services CRC is a joint venture between its Australian subsidiary Infosys Australia and SETLabs, the company’s research group, headquartered in India.
Warren Bradey, CEO of Smart Services CRC, said: “The inclusion of a trans-national partner such as Infosys in CRC provides us with the opportunity to truly draw on world-leading development techniques for new services.”
The CRC will also focus on producing graduates with the skills required to alleviate the industry’s skills shortage through its close association with Australia’s leading universities.