Infosys - Gartner Magic Quadrant Recognizes Infosys BPO as a Leader

BANGALORE, India - Sept. 12, 2013 - PRLog -- Bangalore September 11, 2013: Infosys BPO Ltd., a majority- owned subsidiary of Infosys, a global leader in consulting, technology and outsourcing, announced that it has been recognized in a number of BPO service categories by Gartner, Inc., in their recent Magic Quadrants announcements. Infosys BPO was positioned as a Leader in the Magic Quadrant for Finance and Accounting BPO and as a Niche Player in the Magic Quadrant for Payroll BPO Services. Infosys McCamish Systems LLC, an Infosys BPO company, was also
positioned in the ‘Leaders Quadrant’ in Gartner’s Magic Quadrant for North American Life Insurance Policy Administration Systems
Highlights
Infosys BPO recognized in the Magic Quadrant for Finance and Accounting BPO: The Gartner Magic Quadrant positions Infosys BPO in the ‘Leaders Quadrant’. According to the research firm's report, Leaders are performing well today, both with a clear vision of market direction and by actively building competencies to sustain their Leaders position in the market. Infosys BPO’s finance and accounting practice is one of the largest and fast growing segments in the company. Infosys BPO offers end-to-end services from the transactional and analytical processesto higher end services such as, Enterprise Reporting, Analytics and Planning, Tax & Compliance including SOX and GAAP-IFRS convergence support. Over the past few years, Infosys BPO has made significant investments within the finance and accounting space to imp
rove domain capabilities and deliver business value to clients.
The company’s finance and accounting domain has over 80 global clients and employs about 14,000 professionals worldwide across Record to Report (RTR), Procure to Pay (PTP) and Order to Cash (OTC) services. Infosys BPO placed in the Magic Quadrant for Payroll BPO Services.
Infosys BPO offers end-to-end multi-country payroll services, spanning more than 80 countries. Infosys McCamish recognized in the Magic Quadrant for North American Life Insurance Policy Administration Systems: The Gartner Magic Quadrant positions Infosys McCamish Systems LLC, an Infosys BPO company, in the ‘Leaders Quadrant’. Infosys McCamish with its expert technology and outsourcing credentials performs back-office services at a reduced cost, while enhancing quality, speed to market and security.The company’s VPAS platform provides end-to- end servicing and administration in BPO, SaaS and Hybrid models for all types of Life Insurance and Annuity contracts.
Additional Resources
Infosys BPO Positioned in Leaders Quadrant of the Magic Quadrant for Finance and Accounting BPO- Gartner, Inc. 'Magic Quadrant for Comprehensive Finance and Accounting BPO, Global' by Cathy Tornbohm, 30 May 2012
Infosys BPO positioned in Leaders Quadrant of Magic Quadrant for Comprehensive Finance and Accounting BPO- Gartner, Inc. 'Magic Quadrant for Comprehensive Finance and Accounting BPO' by Cathy Tornbohm, 17 December 2009 Infosys BPO Positioned in Leaders Quadrant of the Magic Quadrant for Comprehensive Finance and Accounting BPO, Global -Gartner, Inc. 'Magic Quadrant for Comprehensive Finance and Accounting BPO, Global' by Cathy Tornbohm, 29 June 2011. About the Magic Quadrant Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
About Infosys McCamish Systems
Infosys McCamish(www.infosysmccamish.com), a U.S. based subsidiary of Infosys BPO, a part of Infosys , is a leader in providing best in class technology platforms and service solutions for the financial services industry. With deep domain experience with Life Insuran ce companies, Work Site Product providers and Retirement companies globally, we partner with our clients to help them stay ahead of the innovation curve. Our technology
platforms and services, combined with execution excellence and proven best practices, optimize our clients’ operations today while building tomorrow’s enterprise.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 over runs 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, 2013 and on Form 6-K for the quarter ended June 30, 2013. 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. To know more visit: http://www.infosys.com/newsroom/press-releases/Pages/BPO-strengthens-position-MQ.aspx
For more information, contact
Sarin Menoky
Infosys BPO
Phone: +91 9972585052
sarin_menoky@infosys.com
Chaitali Pishay
The Practice
Phone: +91 9379917540
chaitali@the-practice.net