- Acquisition to augment Infosys Cobalt portfolio of cloud services and further 
strengthen nearshore delivery presence in Europe
 
    Infosys (NYSE: INFY)[https://www.infosys.com/], a global leader in 
next-generation digital services and consulting, today announced a definitive 
agreement to acquire GuideVision [http://infosys.guidevision.eu/], one of the 
largest ServiceNow Elite Partners in Europe. GuideVision is an award winning 
enterprise service management consultancy specialised in offering strategic 
advisory, consulting, implementations, training and support on the ServiceNow 
platform.

 
    GuideVision’s end-to-end offerings, including SnowMirror - a proprietary 
smart data replication tool for ServiceNow instances - enables over 100 
enterprise clients to simplify complex business and IT processes. GuideVision’s 
training academy and nearshore capabilities in Czech Republic, Hungary, Poland, 
and presence in Germany and Finland will strengthen Infosys’ ServiceNow 
capabilities for its clients in Europe. 

 
    ServiceNow is one of the fastest growing enterprise software companies, and 
is becoming an ‘essential service’ and workflow standard for organizations. 
Infosys was recognized by ServiceNow as the 2019 and 2020 ServiceNow Global 
Service Provider Partner of the Year. 

 
    Ravi Kumar, President, Infosys, said, “This acquisition is an important 
milestone in our journey to build capabilities relevant to the digital 
priorities of our clients. This move reaffirms our commitment to the growing 
ServiceNow ecosystem. The combination of scalable and agile nearshore 
capabilities of GuideVision in Europe,  and their unmatched delivery 
excellence, complements our own effort to help global enterprises navigate 
their next. We are excited to welcome GuideVision and its leadership team into 
the Infosys family.” 


    Narsimha Rao Mannepalli, EVP and Head - Cloud & Infrastructure, Infosys, 
said, “GuideVision’s addition is another significant step towards strengthening 
our Infosys Cobalt offerings portfolio, bringing the combination of services, 
solutions and platforms, that acts as a force multiplier for cloud-powered 
enterprise transformation. Our recently announced Infosys Cobalt portfolio has 
a large repository of ServiceNow Industry Cloud solutions like ESM Café, and 
this will now be bolstered by GuideVision’s SnowMirror suite of Industry 
templates.”


    Norbert Nagy, Co-Founder, GuideVision, said, “GuideVision's exceptionally 
high customer ratings are the result of our continuous effort to deliver 
superior consulting and implementation services. Joining Infosys brings an 
extended portfolio of services we can offer to our customers on their digital 
transformation journey. The global Infosys footprint is an exciting opportunity 
for both GuideVision customers and employees.” 

 
    Pavel Muller, Co-Founder, GuideVision added, “We are happy to become a part 
of the Infosys family and we strongly believe that the shared underlying values 
are a great foundation for our common goals in the future. Our combined 
expertise will further drive our customers’ digital transformation in the 
European market.”

 
    The acquisition is expected to close during the third quarter of fiscal 
2021, subject to customary closing conditions.

 
    ServiceNow, Now Platform and others are among the trademarks of ServiceNow, 
Inc.



    About Guidevision

	
    GuideVision is a dynamic and progressive consultancy committed to enabling 
clients to reimagine and transform their enterprise service management with 
ServiceNow. GuideVision offers a unique combination of strategic expertise, 
innovative technological knowledge and agile methodology. Our mission is to 
make ServiceNow work for you and your goals. www.guidevision.eu 



    About Infosys

    Infosys is a global leader in next-generation digital services and 
consulting. We enable clients in 46 countries to navigate their digital 
transformation. With nearly four decades of experience in managing the systems 
and workings of global enterprises, we expertly steer our clients through their 
digital journey. We do it by enabling the enterprise with an AI-powered core 
that helps prioritize the execution of change. We also empower the business 
with agile digital at scale to deliver unprecedented levels of performance and 
customer delight. Our always-on learning agenda drives their continuous 
improvement through building and transferring digital skills, expertise, and 
ideas from our innovation ecosystem.

    Visit www.infosys.com to see how Infosys (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, 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, 2020. 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