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Infosys, bp deepen relationship to transform digital application landscape

The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives

The attrition rate at Infosys touched a record high of 27.7 per cent in the fourth quarter of FY22 on an LTM (last twelve months) basis, the company revealed

BS Web Team New Delhi

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IT major Infosys and global integrated energy company bp, on Tuesday, announced the signing of a Memorandum of Understanding (MoU) to demonstrate their intent for Infosys to be bp’s primary partner for end-to-end application services, including development, modernisation, management and maintenance.

In a regulatory filing, the company said, “This strategic engagement further strengthens the long-standing relationship, spanning over two decades, between the two companies.”

As bp pivots towards becoming an integrated energy company with the ambition to be a net zero company by 2050 or sooner and to help the world get to net zero, bp and Infosys will together focus on modernising bp’s application landscape to enhance business resilience, drive value from operational efficiencies, and build more adaptive and agile processes to speed up innovation.

The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives.

 “We are delighted to further develop our relationship with Infosys to help accelerate our digital transformation and scale growth through tech-enabled operations. Together, we look forward to delivering innovative solutions that meet the evolving needs of our customers and drive growth for the future," said Leigh-Ann Russell, EVP, Innovation & Engineering, bp.

“This is a strategic milestone in our long-standing relationship with bp. As we see global momentum in the energy transition, building a strong digital core and scaling it to maximize operational efficiency is a key business imperative. We are now jointly working towards enhancing digital maturity, productivity, and driving innovation for bp,” said Salil Parekh, CEO & MD, Infosys.

“Together, we will leverage the power of digital technologies and advancements in AI to deliver solutions that will help to transform bp’s operational landscape and drive business growth,” he added.

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First Published: May 16 2023 | 4:03 PM IST

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