Top American Consultants Take Own Advice And Join Indian Firm

BANGALORE – April 8, 2004 — An ensemble of consulting leaders have left their posts at the industry s top strategy and technology firms to team with Infosys Technologies Limited (NASDAQ: INFY) in launching a new business consulting firm that specializes in making companies more competitive. The new firm, Infosys Consulting, Inc., was incorporated in Texas and is a wholly owned subsidiary of Infosys.

“We have taken a somewhat unconventional approach to build our consulting capabilities. Having witnessed numerous failed mergers and acquisitions in this industry, we are instead assembling a dream team of top consultants from all the major firms — and each one has signed on because he shares our passion to build a new generation consulting firm. While our beginnings may be modest, our vision is ambitious,” said S. Gopalakrishnan, Chairperson, Infosys Consulting, Inc.

“This represents an important step in the evolution of Infosys. We believe this is a more prudent and lower risk approach,” said Nandan M. Nilekani, CEO, Infosys Technologies Limited. “Infosys Consulting will be hiring aggressively in the United States and expects to provide a platform for top consulting talent.” The founding officers include Stephen Pratt, one of the Top 25 consultants in the world as profiled by Consulting Magazine (2003); Romil Bahl, former leader of EDS� 5000-person consulting practice; Paul Cole, former leader of global operations at CGE&Y; and Raj Joshi, former CEO of Deloitte Offshore. (Profiles of the founding officers are available at www.infosys.com.)

“After years of advising clients on how to get more competitive, it�s high time the consulting industry took some of its own advice. This is a wake-up call to our industry: we will offer clients more competitively priced projects, practical ways to increase competitiveness, and a much higher return on their consulting dollar,” says Infosys Consulting CEO Stephen Pratt.

“We will combine top consulting talent with what I believe is the world�s best global delivery model. For clients currently using traditional consulting firms this offers a new alternative. For current Infosys clients, this presents an additional way to use the global delivery model to their full advantage. It makes complete sense for our industry � and no other consulting firm can offer this today. The global delivery model is baked into the Infosys DNA and I know from personal experience that this model cannot be replicated by others within the foreseeable future,” says Pratt. “The role of business consultants is to maximize the value they create for clients. This simply is a better way to do that.”

In addition to building a more competitive model for consulting, Infosys Consulting will focus on making clients more competitive. “The business world has largely forgotten, or at least underestimated, the impact of competitiveness, and we believe it is the dominant predictor of business performance � and shareholder value,” Pratt says.

The company will introduce a host of new services to the traditional consulting mix: up-front competitive edge assessments, proprietary industry analyses, and projects structured around beating the competition,” said Pratt. It also will offer workshops and training designed to hone the competitive mindset of client organizations.

Source: Infosys Consulting Press Release