TechTaffy

tech:

taffy

Infosys Steps Up Chinese Activities

By TechTaffy Desk

Infosys has signed a Memorandum of Understanding (MoU) with the Dalian High-tech Zone (DHTZ) Government, to establish a branch company of Infosys Technologies (China) DHTZ. This branch company will focus on software development and outsourcing business in the region. The MoU also provides a framework under which the DHTZ Administrative Committee will help Infosys launch programs with local universities for training and recruitment.

The new facility can currently seat 700 employees and will focus on delivering consulting, technology and BPO services to clients from the U.S., Europe, Japan and neighboring regions.

Infosys China was incorporated in 2004 and reported revenues of $ 78.98 million in fiscal year 2011. The company has invested in development centers in Shanghai Pudong Zhangjiang Hi-tech Park, Hangzhou Binjiang Hi-tech Park, Beijing China Oversea Plaza, a sales office in Hong Kong and a Global Education Center in Jiaxing Science city. Infosys is also developing a new campus at Zizhu Science and Technology Park in Shanghai. Infosys China currently employs over 3,300 people.

 

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.