Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced a definitive agreement for an investment in ANSR Consulting to acquire a minority stake. ANSR Consulting is a leading Global In-house Center (GIC) strategy consulting and implementation firm, which helps global enterprises establish strategic service delivery and innovation capabilities.
Earlier this year, Infosys announced the creation of a US$500 million Innovation Fund earmarked for investments in disruptive new business models and technologies. This investment from the fund widens Infosys’ reach in the fast-growing GIC market.
Global companies are setting up GICs to harness new technologies such as social, mobile, analytics and cloud. India has emerged as a unique destination for GICs due to wide access to technical and business talent at a reasonable cost, and the growing ecosystem of successful GICs.
ANSR Consulting, which has helped establish several GICs within India, creates joint ventures with companies such as those in the Fortune 500. ANSR Consulting helps the joint venture provide strategic, technology-driven solutions that drive competitive advantage and incremental revenue for the companies involved.
Commenting on the investment, Ritika Suri, Senior Vice President and Global Head of Corporate Development at Infosys said, "We are very excited to partner and invest in ANSR Consulting. This investment reflects our commitment to new, innovative business models. In particular, models that are significant to the growth that India is experiencing in delivering unprecedented value to clients across the world, by matching the demand for next-generation scalable solutions, with India’s supply of technology and business expertise."
Lalit Ahuja, Founder and CEO, ANSR Consulting said, "We are excited about this investment from the Infosys Innovation Fund. This investment, combined with Infosys’ breadth of next-generation technology services, will enable us to bring more GICs into India and help global companies advance their transformation and innovation agenda, and deliver ground-breaking solutions."
The investment is expected to close before August 31, 2015, subject to customary closing conditions.