Infosys on Friday (3rd Nov 2023) announced the opening of a new proximity centre in Sofia, Bulgaria, as part of its continued expansion in Europe. In line with its localisation strategy, Infosys will also hire 500 people locally in the region in the next four years.
“Over the course of the next four years, these new employees will work on global opportunities around next-generation digital technologies including Infosys Cobalt Cloud Solutions, Infosys Topaz AI & Automation, Data and Insights, the Internet of Things (IoT), 5G, and software engineering,” Infosys said in a statement.
For Infosys, Europe is the second-largest market that grew 5.4 per cent year-on-year in constant currency and contributed 26.5 per cent to the total revenues as of the September quarter. North America is the largest market that grew one per cent in constant currency and contributed 61.1 per cent to the topline as of the second quarter.
Infosys believes Bulgaria’s strategic location and reputation as an attractive market for IT development will help the company tap into its local talent pool.
“This centre will provide an ideal environment for companies spanning various sectors such as financial services and retail, both within Bulgaria and throughout Europe, to convene and drive digital transformation efforts. Partnering with these organisations, the centre will serve as a hub for ideating, incubating, creating, and scaling innovative emerging technology-based solutions,” Infosys said.
Serving global and European customers, the centre will support customers to accelerate their artificial intelligence and cloud-led digital journeys and will further strengthen Infosys’ existing client relationships in Europe, particularly in the manufacturing, retail, and financial services sectors. Infosys said it will also use this centre to scale up teams across digital and analytical capabilities as well as SAP and cloud.
“We are dedicated to continuing to grow our footprint in Europe to bring our capabilities, skills and expertise ever closer to our clients. Bulgaria is renowned for its excellent IT talent, and we are excited to build an exemplary workforce that meets the demands for next-generation skills and solutions, with a focus on catalysing progress of our clients' AI and cloud first transformations,” said Dinesh Rao, Executive Vice President, Co-head of Delivery, Infosys.
“Bringing together the strength of local talent with our industry-leading expertise and innovation, we are confident the new centre will serve as a hub of innovation to help shape digital Europe,” Rao added.
