Undeclared Emergency in India By Pm Narendra Modi

Infosys and Liberty Global Expand Partnership to Enhance AI-Powered Entertainment and Connectivity

Aug 15, 2023

In a strategic move set to reshape the digital entertainment landscape, Infosys, India’s second-largest IT services company, has joined forces with Liberty Global, a communications behemoth, in a momentous deal valued at $1.64 billion. This collaboration aims to introduce AI-infused digital entertainment experiences to a global audience while concurrently streamlining technology expenditures.

Infosys Inks $1.64 Billion Accord with Liberty Global to Amplify Digital Platforms

The partnership, commencing with an initial five-year agreement, boasts an extension option that could stretch the alliance to eight years and beyond. Under the terms of the engagement, Infosys will lend its services to Liberty Global, projected to be worth a staggering 1.5 billion euros ($1.64 billion) during the initial five-year span. Should the alliance burgeon into the eight-year horizon, this value escalates to an impressive 2.3 billion euros.

Unveiling new horizons in the realm of digital entertainment and connectivity, this collaboration is predicted to yield substantial operational savings, surpassing 100 million euros per year. These savings are inclusive of technological investments and other efficiencies, marking a transformative leap for both partners.

Having already established a fruitful partnership since February 2020, wherein Infosys bolstered Liberty Global’s technological service platforms, this alliance will now further intensify. Infosys will be entrusted with constructing and managing Liberty Global’s Horizon entertainment and connectivity platforms, marking a significant expansion of their existing collaboration.

Salil Parekh, CEO & MD of Infosys, expressed enthusiasm for this evolution: “We are excited to bring Infosys Topaz™ to enable transformative AI-first capabilities to complement the cloud-first digital foundation we have laid for Liberty Global using Infosys Cobalt. This will unveil a new chapter in our joint journey of innovation as we reimagine entertainment and the connectivity experience for millions of global consumers.”

In a strategic pivot, Liberty Global has also authorized Infosys to license these advanced platforms. This strategic move will enable Infosys to provide top-tier services to new operators and emerging markets outside of Liberty Global’s own sphere. This will introduce countless new customers worldwide to state-of-the-art digital entertainment and connectivity services through the Horizon platform.

Notably, Liberty Global will retain control over product roadmaps and the intellectual property underpinning the Horizon platforms.

Infosys signs $1.64 billion deal with Liberty Global to scale digital platforms

Beyond the technological realm, this extended partnership carries significant career implications. More than 400 employees from Liberty Global are set to transition to Infosys, opening doors to global exposure and career advancement. These individuals, hailing from Liberty Global’s Product, Technology Development Service Delivery Group, Network & Shared Operations, and Security Groups, will play pivotal roles in shaping Infosys’ communications, media, and entertainment ventures while amplifying the company’s engineering prowess.

Amidst these developments, the stock market responded favorably, with Infosys’ share price climbing by 1.58% to reach ₹1,393.65 apiece on the BSE. As this dynamic partnership unfolds, the technological and entertainment sectors brace for a future laden with innovation and unprecedented experiences.

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