Infosys Signs Five Year Deal with Sweden's Länsförsäkringar AB

Stockholm And Bangalore, India (ots/PRNewswire) -

Infosys, a global leader in consulting, technology and outsourcing
solutions, today announced that it has signed a five-year agreement
with Lansforsakringar AB (LFAB) to provide application development
and management support for its life and non-life insurance business.

(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

The new agreement with Infosys will see Lansforsakringar AB, owned
by Lansforsakringar Alliance, a mutual organization of 23 regional
insurance companies with a strong local brand, improve the quality of
service and time to market for its alliance members at a reduced
cost.

Highlights

- Infosys will be responsible for the development and management of more
than 200 applications across LFAB's lines of business
- To support this engagement, Infosys will provide support from global
facilities as well as its local offices in Stockholm, Ostersund and Linkoping
- Infosys and LFAB will work together to improve the systems and processes so
that member companies enjoy a more consistent approach to claims and policy
administration

Quotes

Soren Westin, Chief Operating Officer, Lansforsakringar AB:

"Infosys demonstrates strong insurance industry expertise as well
as a track record in application development and management. Their
commitment to significantly strengthen their local footprint reflects
our belief in the importance of local customer service."

B.G. Srinivas, President, Member of the Board and Head of Europe,
Infosys:

"Our partnership with Lansforsakringar AB will allow the company
to transform and optimize their systems and processes and benefit
from improved operational performance. Our talented team based in
Sweden will play a central role in delivering world-class services to
LFAB using an optimal combination of near shore and global delivery
capabilities."

Additional resources

- View Point: Insurance modernization: New demands, new approaches
[http://www.infosys.com/industries/insurance/white-papers/Documents/insurance-modernization.pdf ]
- View Point: Using analytics for insurance fraud detection
[http://www.infosys.com/FINsights/Documents/pdf/issue10/insurance-fraud-detection.pdf ]
- View Point: Just what the insurer wanted: A 'tabletized' future
[http://www.infosys.com/FINsights/Documents/pdf/issue10/tabletized-future.pdf ]

About Infosys

Infosys is a global leader in consulting, technology and
outsourcing solutions. We enable clients, in more than 30 countries,
to stay a step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by
co-creating breakthrough solutions that combine strategic insights
and execution excellence. Visit http://www.infosys.com to see how
Infosys , with $7.4B in annual revenues and 158,000+ employees, is
Building Tomorrow's Enterprise(R) today.

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 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, 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 December 31, 2013.These filings are available at
http://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.

Photo:
http://photos.prnewswire.com/prnh/20130122/589162

ots Originaltext: INFOSYS
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information, please contact: EMEA, Paul de Lara,
Infosys, UK, +44-2075162748, Paul_deLara@infosys.com; Asia Pacific,
Sadaf
Khan, Infosys, India, +91-80-4156-4971, Sadaf_Khan03@infosys.com; The
Americas, Tara Kozak-Lindsay, GolinHarris, +1-212-373-6020,
TKozakLindsay@golinharris.com