Infosys McCamish Positioned as a ‘Leader’ In Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems

BANGALORE, India--(BUSINESS WIRE)-- Infosys McCamish Systems, a U.S. based subsidiary of Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has been positioned as a ‘Leader’ in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems (PAS) for North America.

The Gartner Magic Quadrant evaluated vendors that provide Policy Administration Systems (PAS) for individual and group life and annuity products; on two primary criteria – ‘completeness of vision’ and ‘ability to execute’.

Richard Magner, President and CEO, Infosys McCamish Systems said, “Being named a leader in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems in North America is a recognition of our investment and innovation in providing seamless, end-to-end delivery of services, across the insurance industry in the region. One of our strategic objectives is to create enduring partnerships from deep domain knowledge. Our world-class solutions will continue to realize significant business value for our clients.”

Source: Magic Quadrant for Life Insurance Policy Administration Systems, North America, Published: 27 June 2017 ID: G00302006, Analyst(s): Richard Thomas Natale.

About Gartner’s Magic Quadrant

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Infosys McCamish

Infosys McCamish (www.infosysmccamish.com), a U.S. based subsidiary of Infosys BPO, the business process outsourcing subsidiary of Infosys (NYSE:INFY), is a leader in providing best in class technology platforms and service solutions for the financial services industry. With deep domain experience with Life Insurance companies, Work Site Product providers and Retirement companies globally, we partner with our clients to help them stay ahead of the innovation curve. Our technology platforms and services, combined with execution excellence and proven best practices, optimize our clients’ operations today while building tomorrow’s enterprise.

About Infosys Ltd.

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

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Asia Pacific

Infosys, India

Sarah Gideon, +91 80 4156 3998

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EMEA

Infosys, Europe

Margherita Di Cerbo, +44 2075162748

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Americas

Infosys, USA

Chiku Somaiya, +1 408-375-2722

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Source: Infosys McCamish Systems