Infosys Ltd, India’s second-largest software services exporter, has jointly built a new software platform for one of its oldest clients, US-based Underwriters Laboratories (UL), which develops product safety tests.
Infosys, which is hiving off its products, platforms and solutions (PPS) business into a separate subsidiary, said the new software platform will integrate all of UL’s business units and subsidiaries together and help UL respond to customer demands faster as well as save costs.
Infosys and UL jointly developed the new platform.
“The road ahead looks even more promising as we bring together our technology and business expertise along with a robust set of software assets to create an information platform that will redefine customer experience for the services industry,” said Sanjay Purohit, global head of Infosys’s PPS business in a statement on Thursday.
The new software platform launch comes months after Infosys developed a sales software platform called TradeEdge for its top global and retails customers such as Procter & Gamble Co. to help them save on logistical and operational costs and grow revenue from emerging economies such as India and West Asia.
Infosys is expected to launch more software products in the coming months.
In an interview last month, Infosys’s new joint presidents B.G. Srinivas and U.B. Pravin Rao said the company was in the process of creating a separate subsidiary for its products, platforms and solutions business, which is at the core of its 3.0 strategy.
As part of the 3.0 strategy, Infosys aims to generate a third of its overall revenue in the near-term from new areas of technology such as cloud computing and Big Data analytics.
“We now have one common business infrastructure—we eliminated tremendous amount of complexities, we eliminated a lot of cost…we got rid of all of that and now we’re standardized under this one Oracle stack,” UL chief information officer Christian Anschuetz said in an interview.
In 2012, Underwriters Laboratories created several new business units and transformed itself from being a non-profit organization to a for-profit company.
UL, which has been an Infosys client since 2004, spends about 30% of its total information technology budget outsourcing back-office functions such as software development and maintenance and enterprise resource planning implementations to technology vendors such as Infosys.