BUSINESS

Infosys will Quicken the ERP Conversion of Yunex Traffic

May 8, Bengaluru (Karnataka) [India]: To speed up their SAP S/4HANA-led digital transformation journey across 16 countries, including the US, UK, and Germany, Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with Yunex Traffic, a global leader in intelligent traffic solutions.

The ‘Yunex OneERP’ initiative, which strives to create harmonization across multiple business divisions, will benefit from this strategic relationship. Furthermore, Infosys will assist Yunex Traffic in integrating various IT systems and business procedures related to enterprise resource planning (ERP) into a single, cloud-based system that is supported by Infosys Cobalt, a collection of platforms, services, and solutions designed to help businesses move faster toward the cloud.

In order to achieve its goal of using tech-driven smart city ecosystems to make transportation safer, more effective, and more sustainable, Yunex Traffic selected Infosys because of the company’s established track record of providing industry-standard solutions and executing comparable projects using a precise, well-defined methodology. Yunex Traffic hopes to save maintenance costs, provide real-time reporting and analytics, improve company efficiency, and shorten time-to-market via this partnership.

“At Yunex Traffic, our goal has always been to revolutionize mobility on a global scale and provide innovative solutions to solve the mobility challenges of our customers and partners,” said Sebastian Weinig, CIO and Vice President IT. The dynamic, adaptable work environment that our team at Yunex Traffic depends on to enhance productivity is essential to ensuring the highest level of business performance in all we do. The partnership with Infosys is essential to expediting our ERP transformation process and guaranteeing a more seamless cross-regional rollout of SAP S/4HANA. Our ability to develop and provide smooth traffic solutions to communities throughout the globe will be greatly aided by Infosys’ experience and dedication to providing customized solutions.

“The endeavor of global enterprises to modernize and transform core processes and technology stacks is driving mobility solutions providers like Yunex Traffic to collaborate with Infosys,” said Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys. It is an honor to collaborate with Yunex Traffic to help them get over obstacles to efficiency, accomplish integrated worldwide reporting, and promote smooth operations and cross-functional cooperation across borders.”

Concerning Yunex Traffic

Yunex Traffic is a Mundys Group firm that is handled independently. Offering the broadest range of end-to-end solutions for adaptive traffic control and management, automation of highways and tunnels, and intelligent solutions for V2X and road user charging tolling, it is a world leader in the area of intelligent traffic systems. Yunex Traffic operates in more than 40 countries globally and employs 3,500 people from 62 different countries. Major global cities, including Dubai, London, Berlin, and Bogota, are now using its intelligent transportation solutions. As a result of effectively focusing its efforts on mastering the technologies in the hardware, software, and service sectors, Yunex Traffic is now the only provider able to fulfill all significant regional standards in Europe, the UK, Asia, and America, including OCIT, SCOOT, and SCATS. You may get more details at www.yunextraffic.com.

Concerning Infosys

In terms of consulting and next-generation digital services, Infosys is a world leader. More than 300,000 employees strive to maximize human potential and develop the next big opportunity for individuals, companies, and communities. We help customers negotiate their digital transformation in over 56 countries. With more than 40 years of expertise overseeing the operations of large, international corporations, we successfully guide clients through their cloud- and AI-powered digital transformation. We provide clients access to an AI-first core, agile digital at scale to empower the company, and always-on learning to promote continuous improvement via the transfer of digital skills, knowledge, and ideas from our innovation ecosystem. We have a strong commitment to operating as a well-managed, ecologically responsible company that fosters an inclusive work environment and supports varied talent.

Secure Harbor

This release contains some forward-looking statements that are meant to qualify for the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements include a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in the forward-looking statements, including statements about our future growth prospects and our future financial and operating performance. The following are some of the risks and uncertainties associated with these statements: the implementation of our business plan; the ability to recruit and retain staff; the shift to a hybrid work model; economic uncertainty; technological innovations like generative artificial intelligence; the complex and changing regulatory environment, including changes to immigration laws; our ESG vision; our capital allocation policy; expectations regarding our position in the market; future operations; margins, profitability, liquidity, and capital resources; our corporate actions, including acquisitions; and cybersecurity issues. Comprehensive information on significant variables that might lead to actual results or outcomes that vary from the predictions made in the forward-looking statements can be found in our filings with the US Securities and Exchange Commission, including our Annual Report on Form 20-F for the fiscal year that concluded on March 31, 2023. You may access these filings at www.sec.gov. Additional written and spoken forward-looking statements, such as those included in the company’s filings with the Securities and Exchange Commission and our reports to shareholders, may sometimes be made by Infosys. Unless mandated by law, the Company disclaims any obligation to update any forward-looking statements that may be made from time to time by or on behalf of the Company.

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