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| Ketera and Infosys BPO Form Strategic Procurement Outsourcing Alliance |
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Partnership to Help Enterprise Customers Transform Procurement Business Processes
Bangalore, India, Fremont, Calif., and Santa Clara, Calif., October 17, 2006 – Ketera, the leading provider of On Demand Spend Management solutions, and Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies (NASDAQ:INFY), today announced a strategic alliance designed to help enterprise customers transform their procure–to–pay business processes with outsourced solutions and services. Together, Ketera and Infosys BPO can offer customers worldwide a transformational solution that reduces procurement costs, improves spend compliance, and ultimately increases spend under management.
Infosys BPO will leverage Ketera′s on demand spend management solutions to deliver procure–to–pay outsourcing services with scalable, easy–to–use and fast time–to–value benefits. Ketera also will work with Infosys BPO to provide offerings to enterprise customers that require coordinated procure–to–pay capabilities. Additionally, both companies will collaborate on joint sales and marketing initiatives to enhance their positions as leaders in their respective spaces.
"Infosys BPO helps customers transform their procurement business processes," says Devesh Nayel, vice president and head of the procurement outsourcing business at Infosys BPO. "This partnership with Ketera will help us work together to tackle the "heavy lifting" in non–core procurement activities and allow our customers to focus on more strategic areas of the procure–to–pay–cycle. As a result, enterprises can expect to see more value in a shorter time frame from all their procure–to–pay activities and achieve greater business process excellence."
"We are enthusiastic about our strategic alliance with Infosys BPO because it allows us to strengthen our solutions across the complete procure–to–pay value chain, and deliver more savings to our customers." said Burton M. Goldfield, CEO of Ketera. "By combining our procurement solution and services offering, we′re confident we can jointly offer global companies the best on demand spend management solutions, and serve as a strategic partner to the most important companies in the world."
About Infosys BPO Ltd
Infosys BPO Ltd (www.infosys.com/bpo), formerly Progeon Ltd, was established in April 2002 as the business process outsourcing subsidiary of Infosys Technologies. Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of Outsourcing Professionals, Red Herring, and others. Infosys BPO focuses on integrated end–to–end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, the Czech Republic, China, and Philippines (through a partner), and employs over 8500 people. It closed FY 2005–06 with revenues of $85.5 million.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com. |
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