Infosys, a prominent Indian IT services provider, has secured a significant deal worth €1.5 billion ($1.6 billion) from Liberty Global. This agreement, announced on August 15, marks the third major partnership for Infosys this year and focuses on enhancing the entertainment and connectivity platforms of the digital communications company.
The initial contract spans five years, with a possibility for extension to eight years, potentially increasing the total value of the deal to €2.3 billion ($2.5 billion). The collaboration aims to leverage Infosys’ advanced technologies, including the AI-driven services of Infosys Topaz, to transform Liberty Global’s digital foundation.
Infosys Topaz: AI Innovation
Infosys Topaz, a cutting-edge suite of services, solutions, and platforms, harnesses generative AI technologies to drive transformative capabilities. This suite will play a crucial role in complementing Liberty Global’s cloud-first digital infrastructure.
Operational Excellence and Savings
Under the agreement, Infosys commits to assisting Liberty Global in achieving run-rate savings exceeding €100 million per year, alongside other cost efficiencies and technology investments. This convergence of expertise aims to optimize operations and enhance customer experience.
Platform Transition and Licensing
Infosys will undertake the development and management of Liberty Global’s Horizon entertainment and connectivity platforms. As part of the collaboration, Liberty Global will license these platforms to Infosys, enabling the latter to offer its services to new operators and markets.
Talent and Team Integration
With this deal, around 400 employees from Liberty Global, including senior executives and technology teams, will join Infosys. This infusion of talent will contribute to Infosys’ communications, media, and entertainment business, further strengthening its engineering capabilities.
Infosys’ CEO, Salil Parekh, expressed enthusiasm about the collaboration and emphasized the company’s commitment to maintaining Liberty Global’s trust. This partnership aligns with Infosys’ broader strategy of technological innovation and expanding its global footprint.
Notably, Infosys has also secured a $1.5-billion deal with bp and a $454-million deal with Danske Bank earlier this year. These achievements underscore Infosys’ position as a leading player in the IT services industry.
Last week, rival HCLTech secured a $2.1-billion contract from Verizon.