Infosys to invest in Australian research firm

Friday, 12 November 2004, 08:00 Hrs
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BANGALORE: Infosys Technologies Ltd has entered into a strategic tie-up with an Australian company to develop software for the Australian market, the Indian software major stated here Thursday.

The Bangalore-based global IT major will invest 800,000 Australian dollars ($608,000) in Smart Internet Technology Cooperative Research Centre (CRC) over the next four years to collaborate in the research and development project.

The collaboration with Smart Internet will enable Infosys generate market-driven intellectual property and augment its competitive positioning, the statement said.

"The collaboration will provide commercial benefits to the Commonwealth and Australian state governments, which are partners in Smart Internet, by creating jobs and additional revenues," it said.

The pact between the Indian and the Australian firms was signed by Infosys chairman and chief mentor N.R. Narayana Murthy and Smart Internet chairman Neville Roach in New Delhi recently.

"This is the first commitment by an Indian IT firm to undertake research and development with an Australian research organisation. The agreement reflects the complementary strengths of both organisations and facilitates greater cooperation between Indian and Australian ICT industries," said Smart Internet CEO Darrell Williamson.

Both the partners will focus on banking, commerce, health and entertainment industry segments. Smart Internet will work with the Software Engineering and Technology Labs of Infosys in Bangalore for research in mobility, pervasive computing, agent technologies, security and digital rights management
Source: IANS
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