Infosys announced that, effective August 29, Progeon Limited, the Business Process Outsourcing (BPO) subsidiary of Infosys Technologies Limited, has been renamed Infosys BPO Limited.
Progeon was established in April 2002 as the BPO subsidiary of Infosys Technologies. It focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. With operations in India, the Czech Republic, China, and Philippines (through a partner), and over 8,500 employees, it closed FY 2005-06 with revenues of $85.5 million (Rs. 378 crore.)
Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of Outsourcing Professionals, Red Herring, and others.
“The new name accurately reflects our heritage and line of business”, says Amitabh Chaudhry, CEO and Managing Director, Infosys BPO Ltd. “Our customers, employees, partners, and other stakeholders have always known us to be an integral part of the Infosys group. The new name simply reinforces that message.”
Over the next few weeks, the Progeon logo, website, email addresses and marketing collateral templates will be replaced by the Infosys logo, website, email addresses and marketing collateral templates.
“The Infosys brand represents a promise to our clients that we enable them to compete in a flat world,” says Nandan M. Nilekani, CEO and Managing Director, Infosys Technologies Ltd. “Infosys BPO strengthens that promise by enabling our clients to work with one integrated brand for consulting, technology, and process outsourcing,” he adds.
Source: Business Standard