$10 Million investment in Irish Startups by InfosysBusiness News

July 04, 2015 16:03
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Infosys has announced that it will invest $10 million (about Rs. 63 crores) in Ireland-based startups that are developing disruptive technologies for expanding the presence there by setting up a unit in Dublin.

"Infosys intends to set aside $10 million from its global Innovation Fund for Ireland-based startups. Infosys is keen to continue sharing its expertise to assist startups that are developing and enabling these (disruptive) technologies," Infosys said in a statement.

"This exciting partnership with AIB is a springboard for Infosys to expand its services into a new market," it said.

"Our investment in the Irish startup community reflects our belief that Ireland is a strong and vibrant nation, home to entrepreneurs who share our vision of technology as a way to drive growth," Infosys Executive Vice President Global Head of Financial Services Mohit Joshi said.

The Bangalore-based IT services company has been selected as a strategic partner by the Allied Irish Banks (AIB), a financial services group which is operating predominantly in the Ireland and the UK, to set up a 200-seater unit in Dublin.

By Premji

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Infosys  Business news  Ireland