L&T Infotech Bags Multi-Million Dollar SAP Contract from Infineon

Larsen & Toubro Infotech Ltd. (L&T Infotech), a provider of IT services and business solutions, announced that it has received a multi-year, multi-million dollar contract from Infineon Technologies AG (IFX), a leading German semiconductor manufacturer, to operate, maintain and develop SAP solutions within Infineon's enterprise landscape and provide these services out of Germany, Singapore and India.

L&T Infotech will leverage its experience in Global SAP Support, its technology capabilities and knowledge of semiconductor and hi-tech industries to optimize Infineon's IT operations, enhance operational efficiency and support Infineon's IT technology roadmap.

Sudip Banerjee, Chief Executive Officer, L&T Infotech, said, "This engagement reaffirms our commitment to building lasting business partnerships with our clients. L&T Infotech is strongly building its presence in Europe, and Germany in particular. We will help Infineon optimize their operations to achieve their business objectives of meeting the three central needs of the modern society - energy efficiency, communications and security."

"Our sourcing strategy combines internal and external staffing as well as on-site and off-shore provision of services for the best fit of Infineon," said Michael Schmelmer, Chief Information Officer of Infineon Technologies AG. "This engagement with L&T Infotech provides a cornerstone of our sourcing strategy and another important step on our path to constantly optimize our total cost of ownership."

Dieter Stengl, Vice President, IT Enterprise Application Platform at Infineon, said, "Many key business processes of Infineon are run on SAP. Hence the related IT services must assure high-quality operations, competent, fast and effective support for our users as well as speed and flexibility to react on changing demands of the Infineon business. We are convinced that L&T Infotech is the right partner to make this new engagement a sustainable benefit for Infineon."

L&T Infotech said this contract is another testimony to its SAP competence and its focus in growing its presence in Western Europe and will contribute significantly to its geographic expansion plans.