Infosys Gain as Liberty Global and Infosys have signed a $1.64 billion deal

Infosys and Liberty Global have signed a $1.64 billion deal
Infosys and Liberty Global have signed a $1.64 billion deal

by Tanushree Jaiswal Last Updated: Aug 16, 2023 - 07:20 pm 553 Views

In a series of significant announcements, Infosys, a prominent Indian IT services provider, has solidified its position as a key player in the technology-driven landscape by securing an impressive deal with renowned global firms.

Infosys and Liberty Global have signed a $1.64 billion deal

In a recent announcement on August 15, Infosys has teamed up with Liberty Global, a digital communications firm, Infosys is set to inject €1.5 billion ($1.6 billion) into a visionary partnership. This marks the company's third major deal this year, demonstrating its resilience in a challenging economic climate.

Over the next five years, the collaboration will cultivate advanced entertainment and connectivity platforms. A dash of innovation comes in the form of Infosys Topaz, an AI-driven suite primed with generative AI technology, seamlessly enhancing Liberty Global's existing digital infrastructure.

The potential for extension could propel the deal's value to an astounding €2.3 billion ($2.5 billion), as revealed in Infosys' official exchange filing. But it's not just about numbers – Infosys is committed to ushering in cost savings of over €100 million annually, alongside other strategic efficiencies and tech investments.

This partnership reinforces a bond formed in February 2020 between Infosys and Liberty Global, underscoring a shared vision for digital transformation. As the tech horizon expands, this collaboration promises to rewrite the rules of connectivity and entertainment, leaving an indelible mark on the digital landscape.

Infosys Inks $2B AI and Automation Deal with Existing Client 

On Jul 17, 2023, Infosys, has successfully closed a significant deal with a strategic client. The deal involves advanced AI and automation services for development, modernization, and maintenance, with an investment of $2 billion over five years. This reinforces their strong partnership and showcases Infosys' expertise in technology. The company will use these technologies to improve operations, efficiency, and innovation for the client. This achievement solidifies Infosys' role as a technology leader, shaping business futures.

Infosys Secures $454 Million Contract for Digital Transformation of Danske Bank

On June 26, 2023, Infosys, has secured a significant contract worth $454 million from Danske Bank, a bank based in Denmark. This partnership will last for five years initially, with the potential to extend up to eight years and reach a value of $900 million. 

The goal is to use advanced digital technologies like artificial intelligence (AI) to enhance Danske Bank's operations and provide better services to its customers. Infosys outperformed Accenture to win this deal and will also take over Danske Bank's IT center in India, employing 1,400 people. This collaboration reflects the growing importance of technology in the banking sector and highlights the role of AI in driving this transformation. 

Infosys bags $1.5 bn deal from BP

On May 17, 2023, Bengaluru's prominent IT company, Infosys, achieved major success by winning a significant contract from BP, a major energy company. This partnership, valued at an impressive $1.5 billion, is a big achievement considering the challenges in the industry. 

Infosys has become BP's main partner for various technology services, which include developing, modernizing, managing, and maintaining applications. The goal is to improve BP's application framework to make the company more adaptable and efficient, especially during the global shift towards cleaner energy.

Leigh-Ann Russell, an important leader at BP, has expressed excitement about this collaboration. The partnership aims to use technology to transform BP's operations and drive growth. This partnership between Infosys and BP is important not just for the two companies, but also for the broader energy and technology sectors. It shows how technology can play a crucial role in the energy industry's future.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


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