PRINCETON, New Jersey and
BANGALORE, India, October 27, 2014 /PRNewswire/ --
Infosys and the Institute for Advanced Study (IAS) today
announced a new endowment fund that will be used to support
visiting scientists and scholars advance their research at the
world-renowned institute in Princeton,
New Jersey. The Infosys Fund has been created following a
donation of US$2 million by Infosys
to the IAS and will be used to support two scholars across the
Institute's four Schools each year. The Infosys Members will
receive support related to all aspects of the academic appointment
and community life that are unique and fundamental aspects of the
Institute for Advanced Study experience.
(Logo:
http://photos.prnewswire.com/prnh/20130122/589162 )
Visiting scientists and scholars at the Institute, known as
"Members," are at the heart of the Institute's mission to encourage
and support curiosity-driven research in the sciences and
humanities. They are selected from the world's leading universities
and research institutions and spend time at IAS addressing some of
the most intriguing questions across the sciences and humanities,
unencumbered by teaching and administrative obligations.
Infosys has a longstanding connection with the Institute through
the Infosys Prize, which has recognized several of its former
visiting scientists in the subject of Mathematical Sciences.
Quotes
Robbert Dijkgraaf, Director, Institute
for Advanced Study:
"This generous donation from Infosys is a remarkable
recognition of the Institute for Advanced Study's legacy, and is a
powerful endorsement of our future promise. The freedom and
independence to pursue the most interesting and relevant questions
about nature and humanity have been the essence of the Institute
for more than eighty years. In particular, the field of computing
-where Infosys is making such important contributions today- had
its start at the Institute under the direction of legendary
mathematician John von Neumann. The
Institute exists to provide an optimal environment where scholars
from all over the world can think and share, imagine and risk, and
begin again without conditions and limitations. The extraordinary
gift from Infosys will help us continue to meet this critical need.
We hope that this is the beginning of a long and close association
with Infosys."
Dr. Vishal
Sikka, Chief Executive Officer and Managing Director,
Infosys:
"At Infosys we believe that people, when amplified by
technology, knowledge, imagination and an enriching ecosystem, can
achieve incredible things. This is the beginning of a human
revolution, and institutions like IAS have long served to
accelerate it. By mentoring visiting scholars, in both academic and
practical terms, the IAS has created yet another avenue to produce
advances in knowledge that can change the way we work and live -
with wide-ranging impact on global development."
Infosys has pledged US $42 million
in the current financial year towards corporate social
responsibility through the Infosys Foundation, its philanthropic
arm. The Foundation is engaged in several programs aimed at
alleviating hunger, promoting education, improving health,
assisting rural development, supporting arts and helping the
destitute. In the US, Infosys recently signed up as an
implementation partner for the Global STEM Alliance, a global
program recently established by the New York Academy of Sciences
that aims to empower the next generation of scientific
innovators.
About the Institute for Advanced
Study
The Institute for Advanced Study (http://www.ias.edu) is one of
the world's leading centers for theoretical research and
intellectual inquiry. The Institute exists to encourage and support
curiosity-driven research in the sciences and humanities-the
original, often speculative thinking that produces advances in
knowledge that change the way we understand the world. Work at the
Institute takes place in four Schools: Historical Studies,
Mathematics, Natural Sciences and Social Science. It provides for
the mentoring of scholars by a permanent Faculty of approximately
30, and it ensures the freedom to undertake research that will make
significant contributions in any of the broad range of fields in
the sciences and humanities studied at the Institute.
The Institute, founded in 1930, is a private, independent
academic institution located in Princeton, New Jersey. Its more than 6,000
former Members hold positions of intellectual and scientific
leadership throughout the academic world. Thirty-three Nobel
Laureates and 40 out of 56 Fields Medalists, as well as many
winners of the Wolf and MacArthur prizes, have been affiliated with
the Institute.
About Infosys
Infosys is a global leader in consulting, technology and
outsourcing solutions. We enable clients, in more than 50
countries, to stay a step ahead of emerging business trends and
outperform the competition. We help them transform and thrive in a
changing world by co-creating breakthrough solutions that combine
strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE:
INFY), with US$8.25 billion in annual
revenues and 165,000+ employees, is Building Tomorrow's Enterprise®
today.
Safe Harbor
Certain statements in this 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, 2014 and on Form 6-K for
the quarter ended September 30, 2014.
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 the date of this press
release is mentioned at the beginning of the release, and any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. 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.
SOURCE Infosys