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Infosys, Liberty Global expand collaboration to scale platforms

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

16 Aug 2023 Evaluate

Infosys and Liberty Global plc have expanded their collaboration to evolve and scale Liberty Global's cutting-edge digital entertainment and connectivity platforms. Building on their existing multi-year collaboration which has successfully supported Liberty Global's technology services platforms since February 2020, the companies will significantly expand the program, with Infosys taking over build and operations of Liberty Global's award-winning Horizon entertainment and connectivity platforms. By bringing the scale and breadth of Infosys, including cutting-edge technologies such as Infosys Topaz AI offering, the expanded collaboration ensures continued operational excellence, a highly scalable development engine for new features and capabilities, and efficiencies for Liberty Global.

The parties have entered into an initial 5-year agreement, with an option to extend to 8 years and beyond. Infosys will provide services to Liberty Global estimated at euro 1.5 billion over the initial 5-year term and at euro 2.3 billion if the contract is extended to 8 years. The collaboration allows Liberty Global to realize run-rate savings in excess of euro 100 million per annum, inclusive of other savings and technology investments.

In addition, Liberty Global is licensing these platforms to Infosys so the digital services provider can offer best-in-class services to new operators and new markets outside the Liberty Global family. This will potentially enable millions of new customers, around the world, to experience next-generation digital entertainment and connectivity services through Horizon for the first time. Liberty Global will continue to control product roadmaps and retain all intellectual property for the Horizon entertainment and connectivity platforms.

The expanded collaboration will additionally create exciting career opportunities for more than 400 Liberty Global employees joining Infosys, who will benefit from its global scale and reach. Under the terms of the business arrangements, senior executives and technology teams from Liberty Global's Product, Technology Development Service Delivery Group, Network & Shared Operations and Security Groups will transition to Infosys. They will benefit from global business exposure, scale, and wider career advancement opportunities. They will also play an important role in shaping the future of Infosys' communications, media and entertainment business and add significantly to its engineering capabilities.

Infosys is a global leader in next-generation digital services and consulting.

Infosys Share Price

1154.45 -88.15 (-7.09%)

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Company Name	CMP
TCS	2402.20
Infosys	1154.45
HCL Tech.	1202.80
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Infosys, Liberty Global expand collaboration to scale platforms

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