Follows ranking as a Leader by Independent Research Firm in
Multi-Cloud Managed Service Providers Evaluation
BENGALURU, India, July 22, 2021 /PRNewswire/
-- Infosys (NSE: BSE) (NYSE: INFY), a global leader in
next-generation digital services and consulting, today announced
that it has been positioned as a Leader in The Forrester Wave™:
Application Modernization and Migration Services, Q3 2021 report.
This announcement follows Infosys' recent recognition as a Leader
in The Forrester WaveTM: Multi-Cloud Managed Service
Providers, Q4 2020 report. For Infosys, the positioning in
these assessments highlight its vision, and the broad spectrum of
cloud capabilities delivered through Infosys Cobalt across
application modernization and migration, and multi-cloud managed
services.
For the Application Modernization and Migration Services, Q3
2021 report, Forrester evaluated 14 providers across 26
criteria and grouped into three high-level categories: current
offering, strategy, and market presence. Infosys received the
highest score possible in the service capabilities, execution
roadmap, performance, and investments in training and skilling
criteria. The report acknowledges Infosys' Live
Enterprise model, in which enterprises armed with knowledge
and data-enabled insights can adapt rapidly to changing business
conditions. The report also recognizes Infosys as a good fit for
most modernization and migration opportunities, especially
application reimplementation within its existing installed base and
in the banking sector. The report further notes that Infosys'
boasts a broad range of assets for service delivery and vertical
industry solutioning relative to other providers.
"In the 2021 market for the application modernization and
migration services, we're witnessing a continuing shift toward
modernization enabled by advanced cloud-native technologies, with a
correspondingly lower emphasis on infrastructure-led lift-and-shift
migration." wrote Bill
Martorelli, Principal Analyst, Forrester Research, in the
report. In the Infosys profile, he wrote: Infosys' app
migration and modernization services sit within its Cobalt program,
an overarching cloud framework featuring a panoply of solution
accelerators and methodologies. The program itself doubles down on
modernization-specific tasks."
In the Multi-Cloud Managed Service Providers Forrester Wave™
report, Infosys' focus on applications services, including build,
migrate, operate, and modernize on AWS, Azure and Google Cloud have
been noted. Modernization was called out a strong focal point and
the report also recognized Infosys Cobalt, a collection of
services, solutions, and platforms to accelerate enterprise cloud
journey. According to the report, Infosys has been a long-standing
player in cloud management technology and is a good fit for
companies seeking particularly strong migration and modernization
services to assist a smooth and speedy migration.
Commenting on the recognition, Ravi Kumar S, President,
Infosys, said, "Enterprises globally are looking at
transforming their technology landscape by modernizing their
business-critical applications through cloud technologies. Our
clients have time and again expressed concerns around the risk of
business disruption and the need for a noiseless transition in
their modernization programs. With the Infosys Modernization Suite,
part of Infosys Cobalt, we simplify the modernization journey for
enterprises and accelerate innovation at scale. We are proud
to be recognized as a leader in Forrester's Wave for application
modernization and migration services following the recognition in
the multi-cloud managed services rating. We believe these
recognitions strengthen our position and reaffirm our commitment to
deliver top-notch cloud services to enterprises."
Complimentary copies of the reports can be accessed here:
- The Forrester Wave™: Application Modernization and Migration
Services, Q3 2021
- The Forrester Wave™: Multicloud Managed Service Providers, Q4
2020
To learn more about Infosys Cobalt, please visit:
www.infosys.com/cobalt
To learn more about Infosys Application Modernization Services,
please visit:
www.infosys.com/services/application-modernization
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in over 50 countries to navigate
their digital transformation. With over 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 (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, 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, 2021. 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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