Infosys to invest $10 million
Infosys will invest $ 10 million to fund startups in Ireland. The Bengaluru-based firm this year set up a $ 500 million global innovation fund in start-ups that work on disruptive technologies. Infosys is keen to continue sharing its expertise to assist start-ups that are developing and enabling these technologies. Infosys will take over 200 people on its rolls from Allied Irish Banks, for an outsourcing contract it won from the Irish financial services group and set up a unit to house them in Dublin. The company will also hire additional local staff as it expands its engagement with Allied Irish. Infosys has not disclosed the value or tenure of the deal that involves application development and management, transformation and innovation services.