Infosys Dives Into E-Commerce

Shares of software consulting firm Infosys Technologies Ltd., the only Indian company that trades in the United States, saw new highs following the company's strategic alliance with CyberSource Corp., a provider of e-commerce transaction processing services.

Under the agreement, Infosys will deliver scalable solutions using CyberSource services and technologies, with emphasis on speed-to-market and tight integration to back-end systems. Infosys systems will now be fully integrated with CyberSource products and services for Internet merchants.

"Our alignment with Infosys benefits customers by enabling reliable deployment of e-commerce solutions on time and on budget," said Steve Klebe, CyberSource's vice president for strategic alliances. "Our customers will benefit from Infosys' expertise in providing complete e-commerce solutions integrated with back-end systems that shorten time-to-market cycles."

"This alliance complements both organizations, utilizing CyberSource technologies and Infosys' global delivery approach to e-commerce implementation," stated Phaneesh Murthy, Infosys senior vice president, worldwide sales.

The two companies expect that the new alliance will further the goal of delivering jointly produced solutions to global customers. CyberSource boasts 400 Internet solution customers worldwide, through their offering of payment, tax, risk management, distribution control, and fulfillment management services.