Infosys plans to invest in CRC of Australia

Infosys announced its plans to invest up to 1.9 million Australian dollars in the newly formed Smart Services Cooperative Research Centre of Australia.

Infosys announced its plans to invest up to 1.9 million Australian dollars in the newly formed Smart Services Cooperative Research Centre (CRC) of Australia.

Gary Ebeyan, chief executive officer of Infosys Australia said: ?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.?

Infosys? participation in the R&D program, which is a joint venture between the company?s Australian subsidiary, Infosys Australia and SETLabs, the company?s research group headquartered in India, will initially concentrate on three research projects in the areas of business process innovation and service oriented 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,? Ebeyan said.

The program, which will initially be focussed on finance, media and government sectors, will commence operations in the second half of 2008.

This article was first uploaded on July eight, twenty eight, at forty-seven minutes past twelve in the am.