Infosys acquires Expert Information Services

Infosys has bought Expert, and IT service provider which specialises in the design, build and integration of business solutions and products to leading companies in Australia for A$31 million.

Expert's clients include medium and large enterprises spanning across industries such as Telecom, Financial Services, Retail and Government sectors.

Their total revenues for the fiscal year ending June 30, 2003, were A$46.7 million, with a net profit after rax of A$7.0 million.

Mr. K. Dinesh, Member of the Board, Infosys Technologies Limited and Chairman-designate of the company is very excited about the transaction: "Australia is a very important market for us and this transaction reaffirms our commitment to this market by significantly enhancing our local presence. Our Global Delivery Model combined with the service capabilities of Expert will enable us to be a premier player in the growing Australian market.

Mr. Gary Ebeyan, Chief Executive Officer of Expert is equally thrilled: "The merger with Infosys is a perfect fit with Expert's business strategy and we are very excited about it.

"The new entity will allows us to continue to deliver high-quality, leading edge solutions to our existing and new customers with an extraordinary value proposition based on the Global Delivery Model of Infosys."

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