New Delhi, August 16, 2023: A groundbreaking partnership has been forged in the IT sector as Infosys and Liberty Global plc join hands to advance digital entertainment and connectivity services. The two companies have entered into a preliminary agreement for a 5-year collaboration, valued at a staggering 1.5 billion euros, which translates to over $1.64 billion. This transformative partnership also includes an option to extend the collaboration for up to eight years or more, signifying the depth of their commitment to revolutionize the industry.
Duration and Scope: The initial pact spans five years, with the flexibility to extend it further, possibly up to eight years or beyond. Infosys is poised to offer a comprehensive suite of services to Liberty Global, amounting to an estimated 1.5 billion euros over the first five years. If the collaboration endures for eight years, this value could surge to 2.3 billion euros. Beyond monetary benefits, this partnership is projected to generate substantial savings, surpassing €100 million annually, through operational efficiencies and technological enhancements. A joint statement released by both companies underscores the strategic advantages of this endeavor.
Employee Transition and Expertise: As part of this extended collaboration, more than 400 professionals from Liberty Global will transition to Infosys. These individuals, who formerly occupied key positions within Liberty Global’s senior executives and technology teams, will find exciting career prospects within Infosys’ global network. Their integration is set to significantly augment Infosys’ engineering capabilities, particularly within its communications, media, and entertainment divisions.
Foundation of Success: The foundation of this alliance is built upon a prior successful collaboration, which has been enhancing Liberty Global’s technological service frameworks since February 2020. Expanding on this fruitful partnership, Infosys will now be responsible for the enhancement and management of Liberty Global’s esteemed Horizon entertainment and connectivity systems.
Enthusiasm from Leaders: Mike Fries, CEO of Liberty Global, expressed his enthusiasm for this extended partnership, highlighting the potential to access new markets and elevate customer experiences. He emphasized the substantial cost savings and the opportunities for career growth. Fries believes that this collaboration will drive innovation and empower their entertainment solutions to meet the evolving demands of the digital-first customer landscape.
Salil Parekh, CEO and MD of Infosys, shared his excitement about integrating AI-driven capabilities through Infosys Topaz alongside the cloud-centric foundation established by Infosys Cobalt for Liberty Global. This strategic approach aims to redefine the global entertainment and connectivity experience. Parekh underlined Infosys’ global operational strength, facilitating market expansion, while reaffirming the company’s commitment to fulfill Liberty Global’s vision.
Toward Technological Transformation: In conclusion, the Infosys and Liberty Global partnership signifies a momentous leap towards innovation and growth in the IT and entertainment sectors. The collaboration’s focus on technological advancement and heightened customer experiences positions both entities to meet the dynamic demands of a digital-first landscape.
