siliconindia | | FEBRUARY 20249INFOSYS INK PACT WITH PACIFIC INTERNATIONAL FOR DIGITAL TRANSFORMATIONIT Giant Infosys has signed a multi-year contract with Singaporean shipping company Pacific International Lines (PIL) to advance PIL's digital transformation project and help upgrade PIL's existing customer portal and implement a scalable and modern technology platform."This will enable PIL to further their `Driving Connectivity' mission, which is aimed at connecting their businesses across the markets that they serve. In addition, PIL's web and mobile applications will undergo a comprehensive overhaul to simplify user experience and enhance customer engagement," Infosys said in a statement on the exchange.The multi-year, multi-phased collaboration seeks to address critical business challenges such as modernizing web and mobile applications, enhancing scalability, and providing advisory services on the latest technology and business trends, it added. Deal financials remained undisclosed, as per ET.Bengaluru-settled Infosys will give the specialized spine to execution and adaptability of the redid entrance."We are looking for a partner who can not only bring technology but also play an advisory role in the journey of transformation. Infosys brings together a strong combination of right capabilities as well as highly collaborative ways of working," said Lionel Patrice Chatelet, chief commercial officer at PIL.Over the course of the last months, Infosys has marked a few long term agreements proposing a continuous expansion in bargain wins by IT administrations firms. The IT conglomerate concluded a second agreement in January with automotive parts distributor LKQ Europe and a seven-year strategic collaboration with Irish food retail, wholesale, and food service company Musgrave. Despite the cancellation of a significant $1.5 billion artificial intelligence (AI) deal, Infosys reported healthy large deal wins of $3.2 billion from October to December, with 71 percent of these being net new deals. Wipro, India's fourth biggest data innovation (IT) benefits firm, said it will secure US-based insurtech firm Aggne Worldwide Inc and its Hyderabad-based associate Aggne Worldwide IT Administrations for $66 million. Wipro will obtain 60% of the organization in an all-cash bargain, with a choice to buy the excess stake throughout some stretch of time, according to a stock trade documenting.Revenues of the Aggne Group are $4.5 million for calendar year 2021, $9.1 million for 2022, and $17.9 million 2023, as per ET.The exchange is supposed to be finished at the most recent by February 14, 2024, dependent upon standard shutting changes according to terms of the buy arrangement."This acquisition of Aggne will strengthen Wipro's competitive advantage in the insurance sector--particularly in the property & casualty (P&C) insurance space. This combination will enhance Wipro's P&C core system implementation capabilities specifically in the area of Duck Creek. Aggne's Swift IPs combined with Wipro's wider offerings will position us as an end-to-end player in the P&C insurance space," the IT company said in the release.Duck Stream is a full set-up of cloud-based, low-code items that assist property and loss back up plans with speeding up item improvement and drive continuous development."We are thrilled to add Aggne's unique capabilities to our portfolio, Their innovative, IP-driven consulting capabilities in the insurance space and premier partnership status on the Duck Creek platform stand out in the marketplace. Combined with our domain expertise, these capabilities will allow us to bring clients a truly end-to-end offering that will help them drive competitive advantage and customer loyalty," said Harpreet Arora, senior vice president and global head of banking, financial services and insurance domain and consulting at Wipro. WIPRO ACQUIRES AGGNE GLOBAL FOR $ 66 MILLION
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