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Infosys goes global, set to invest $10 million in Irish start-ups

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Bengaluru: Global software major Infosys Ltd on Friday announced it would invest $10 million (Rs.64 crore) in Ireland-based start-ups as it made a foray into the island-nation by winning a deal from Allied Irish Banks, plc.

“The $10-million investment in Irish start-ups will be from our global innovation fund to leverage our strategic partnership with Allied Irish Banks, a leading financial services group,” the company said in a statement here.

AIB Bank Centre, Ballsbridge, Dublin 4, Ireland
AIB Bank Centre, Ballsbridge, Dublin 4, Ireland

The innovation fund, set up in 2013 with $100 million, was expanded to $500 million in January by its first non-founder chief executive Vishal Sikka to invest in software product start-ups worldwide, including India, which are working in disruptive technologies.

“Investment in the Irish start-up community reflects our belief that Ireland is home to entrepreneurs who share our technology vision to drive growth,” Infosys’ financial services global head Mohit Joshi said in the statement.

The partnership with the Irish bank will be a springboard for the IT outsourcing major to expand its services into a new market and share its expertise with start-ups developing and enabling disruptive technologies.

We will leverage our domain expertise in financial services and other industry verticals to support digital transformation and strategic-growth plans of the Irish bank,” Joshi added.

To provide transformational and innovation services, the city-based company will set up a 200-seat development centre in Dublin for the Irish Bank staff.

(IANS)

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Global Software Major Infosys Launches Learning App For Engineering Students

The platform would also assist students to stay connected with the organisation, keep up with the latest happenings, and familiarise themselves with the software major’s culture and value system

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picture from- www.dqindia.com

Global software major Infosys on Saturday launched its a next-generation digital platform called InfyTQ that aims to offer learning and engagement experiences for engineering students in the country.

The free platform is open to all engineering students in their third and fourth year across India.

The platform would be available on both mobile and desktop and is equipped with content, courses and news to establish talent readiness at an industry level through online assessments and certification, the company said in a statement.

Office Building of Infosys (Representational image).

The learning courses would be centred around conceptual and practical aspects of technology to ensure a thorough understanding of the fundamental building blocks.

The course includes hands-on learning to aid the application of concepts in the real world. The platform would evolve and offer advanced learning materials and enable virtual programming environments for certain sets of students to further hone their technical skills.

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The platform would also assist students to stay connected with the organisation, keep up with the latest happenings, and familiarise themselves with the software major’s culture and value system. (IANS)