Indian Economy News

Infosys to invest $10 million in Irish start-ups

Bengaluru:  Infosys today said it will invest $10 million from its $500 million global innovation fund in start-ups in Ireland.

The company has also bagged a outsourcing contract from Allied Irish Banks. It will take over 200 people on its rolls from the Irish financial services group and will set up a unit to house them in Dublin.

Infosys has not disclosed the value or tenure of the deal.

"Our investment in the Irish start-up 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. We will leverage our broad experience in Financial Services and other industries to support the digital transformation journey and strategic growth plans of AIB,” Mohit Joshi, Executive Vice President, Global Head of Financial Services, Infosys said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.