Thursday, Sep 18, 2014

BP extends Infosys contract by 5 years

Bangalore | Posted: September 5, 2014 5:39 am

Infosys, India’s second-largest IT services exporter, has strengthened its relationship with BP by extending its agreement with the global oil major by another five years. Infosys, now driven by new CEO Vishal Sikka, has been selected by BP to provide IT services, in particular application support and development. Infosys did not provide the financial details of the deal. In August, the company had announced a multi-year agreement with global auto major Daimler AG.

Infosys and BP share a decade-long partnership, and the new deal will provide IT services to the oil major in areas of corporate function, upstream and downstream segments, energy trading and marketing. The agreement’s geographical scope includes BP’s main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.

Infosys provides a range of services, including application maintenance for a number of BP’s most critical IT systems and consultancy services for BP. “Our agile and innovative application development programmes have grown significantly in recent years,” Infosys said. Commenting on the deal, Rajesh K Murthy, executive vice-president and global head, energy, communications and services, Infosys, said, “Winning this contract demonstrates how we have evolved as a supplier and continue to work collaboratively with BP across their range of activities.”

BP falls in the energy & utilities vertical at Infosys, a segment that accounted for 5.1% of its revenues at the end of first quarter of FY15. The services provided by the IT major come within the ambit of application development and maintenance, which accounts for 35% of its revenue.

The IT major said that central to these services will be its continued investment in the Infosys Information Systems and Technology University. According to Infosys, this academy, located in Bangalore and Mysore, trains its employees to work with BP and serve the development and maintenance of applications. The university courses address various domain areas in oil and gas and are delivered through classroom and online media. “The training institute is unique for BP,” it added.

BP has been a significant provider of IT contracts to India’s tech sector. In 2009, it had come out with a billion-dollar outsourcing deal split between Infosys, Wipro and TCS. During this period, Wipro had managed to get an entry into this account.

fe Bureau | The Financial Express

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