Infosys bags five-yr outsourcing deal from BP

NEW DELHI: The country's second largest software exporter, Infosys Technologies, today said it has bagged a five-year outsourcing and support agreement from BP, one of the world's major oil and gas companies.

Infosys will manage and operate a large portion of business systems for P under the terms of the agreement, Infosys said in a statement. However, the company did not reveal the financial details of the deal.

"I am pleased to have selected Infosys as one of our strategic ADAM vendors. In awarding Infosys ADAM work for our integrated supply and trading and exploration and production businesses, we look to leverage its capability and knowledge of the oil and gas sector," BP Group Chief Information Officer Dana Deasy said.

This agreement will enable BP to reduce complexity, standardise work processes, and lower overall cost base.

Over the last 12 months, BP has undertaken a programme to consolidate its information technology vendors for application development and application maintenance (ADAM).

"We are well positioned to use our global sourcing expertise and transformational capabilities in the oil and gas domain to deliver significant improvement in operational efficiencies to BP as a part of this new agreement," Infosys Technologies CEO and Managing Director Kris Gopalakrishnan said.