Infosys Technologies Ltd. announced that it has teamed up with Oracle Corp. through the 'BPO Powered by Oracle program,' and is launching a comprehensive managed services platform for multi-function HR through its Infosys Business Platforms offering. With this launch, Infosys moves into the next generation of multi-process HR transformational outsourcing. This platform is built on state-of-the-art technology and will enable process transformation, while also being cost-effective. This will help companies streamline their HR operations and reduce operational costs. The Infosys Business Platform for HR frees up significant capital expenditure locked into HR technology and process investments, allowing the HR function to be a strategic enabler of an organization's business objectives. The Infosys Business Platform for HR is built on Oracle's industry-leading PeopleSoft Enterprise Human Capital Management (HCM) Suite and offers the entire 'Hire-to-Retire' processes and operations such as HR Administration, Payroll and Talent Management functions like Recruitment, Performance Management, and Learning Management in a fully hosted and managed environment. Clients can take advantage of the scalable IT infrastructure to achieve economies of scale, best practices and variable cost models. Offshore teams will provide integrated technology, process and language support from multiple offshore and near-shore delivery centers. The unique shared services business model helps clients realize transformational benefits by unlocking capital expenditure, streamlining business processes and enhancing operational performance metrics.

Infosys Technologies Ltd. signed an agreement with the Rural Development Department of the government of Andhra Pradesh (AP), India to set up BPO centers in 22 districts across the state. The company has signed a memorandum of understanding with the Society for Elimination of Rural Poverty to set up a BPO center in each of the districts in the state. The company said AP was the first state to undertake the rural BPO model in the country. The company plans to extend the model across the country.

B.G. Srinivas, Infosys Technologies Ltd.’s executive council member overseeing European operations told Dow Jones Newswires that the firm is looking for acquisitions in France and Germany to expand its operations in Europe. He added that valuation expectations of potential targets are damping the plans. He said, “We are looking at companies typically in the revenue range of $100 million to $300 million (a year).” He noted that Infosys has been talking to potential targets over the past six months and “even today that continues.” He also said that good target companies are waiting for valuations to improve. He said that Infosys is looking for companies providing consulting and IT service packages to clients.