Infosys Invests $1.9M for R&D efforts in Australia


Infosys has invested in the future of Australia’s IT services  industry, committing up to  AUD$1.9M in cash and services to the newly formed Smart Services Cooperative Research Centre (CRC).  
The program, launched yesterday by Senator The Hon. Kim Carr, Minister for Innovation, Industry, Science and Research, will bring together the best technology minds from industry, six Australian universities and Government to develop an ambitious R&D program aimed at creating intellectual property (IP) of value to Australia’s services market – with initial demonstrators planned for the finance, media and government sectors. 
Over the course of the program, this IP will be engineered and commercialised by CRC participants resulting in new technology products and services that will increase the competitiveness of Australia’s IT industry and make the services market more innovative.  
As the only global IT services company involved with the program, Infosys is spearheading the  Smart Service CRC from a technology perspective alongside SAP, with industry heavyweights including Telstra, Fairfax  Digital and SuncorpMetway actively involved in setting the research agenda.  World-class researchers from around the country will also contribute to the R&D and IP creation.  
“Innovation is imperative for growth and with Australia an emerging market on the global IT stage, we’re pleased to be contributing to the development of the industry in such a significant way,” said Gary Ebeyan, Chief Executive Officer of Infosys Australia.   
“The good part of the Smart Services CRC is that we get to work with not only the best and brightest minds from academia but also the private sector – some of whom are our clients. With these companies actively setting the research agenda, our  clients  as  well  as the  IT  industry  would  be  able  to  reap  long-term  benefits  of this IP development.” 
Infosys’ participation in Smart Services CRC is a joint venture between its Australian subsidiary (Infosys Australia) and SETLabs, the company’s research group, headquartered in India.  
As part of the collaboration, Infosys Australia and Infosys’ SETLabs will initially focus on three research projects exploring business process innovation and service orientated architecture (SOA).  “The  CRC program will extend on the research currently being undertaken by SETLabs and provide valuable insights into the needs of the Australian market.  It’s a good example of how Infosys is thinking globally and acting locally,” Ebeyan explained.   
Warren Bradey, CEO of  Smart Services CRC, said: “The inclusion of a transnational partner such as Infosys in Smart Services CRC provides us with the opportunity to truly draw on world-leading development techniques for new services and also extends through this valuable partnership, an ability to take the output of our research and apply them on a global scale.”
The  Smart Services CRC will also focus on producing graduates with the skills required to alleviate the industry’s skills shortage through its close association with Australia’s leading universities.   
For a number of years Infosys has been collaborating with academic institutions through joint research collaboration, its global internship program InStep as well as its industry-academia program  Campus Connect. It plans to use its involvement with Smart Services CRC as a platform to continue this work.  
The Smart Services CRC research program will commence in the second half of 2008. 
4 July 2008
Media enquiries: 
Caroline Siler 
Keep Left PR on behalf of Infosys Australia 
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