Ikea is a Swedish furniture company that handed over a deal of 100 million USD to Infosys. The tech giant won over Capgemini, HCL, and DXC. TOI reported. The agreement allows Infosys to offer IT services and a service desk of 170k workers with 260k devices in 19 languages for the next five years. This will affect around 350 positions in Ikea, including China, France, Sweden, Germany, Poland, the US, and India. These workers will be transferred to Infosys and will have access to its services. We are talking about Infosys to provide IT service to Ikea after securing $100 million deal.
We are talking about Infosys to provide IT service to Ikea after securing $100 million deal:
The deal was sealed under the supervision of the EVP & global head of consumer, retail, and logistics at Infosys, Karmesh Vaswani. The Chief digital officer at Ingka Group, Parag Parekh, mentioned that the Ingka Group saw areas to improve the delivery of digital tools and services to co-workers with scale, flexibility, and speed. Infosys is a leading global consulting and information technology service provider. The firm aims to strengthen its position in the IT sector and provide the best business solutions, technologies, and IT services worldwide.
The tech giant is expanding into the Nordic region and has previously secured $454 million from a major deal. This agreement between Ikea and Infosys will be implemented for the next five years. If both parties benefit from it, the contract can be extended up to three times. According to the signed agreement, this IT service provider will also take Danske Bank’s 1400 employees under its wing.
The company made several large deals this fiscal year. As part of a new operating model, the IT firm plans to increase its operations in the IT industry and might aim to secure more deals. The firm offers software development, maintenance, and other IT services to companies in manufacturing, finance, or different domains.
Conclusion
A Swedish furniture startup, Ikea, has successfully signed a deal worth $100 million with tech giant Infosys. Big tech companies participated in the round, including HCL, DCX, and Capgemini. Infosys’s services extend to hospitals, manufacturing, software, finance, and the general public. The company aims to strengthen its position in India’s software and IT landscape with cutting-edge technology and software solutions. The deal urges Infosys to provide its IT services and a service desk of 170k workers with 260k devices in 19 languages for the next five years for 350 positions in Ikea. The deal covers part of China, France, Sweden, Germany, Poland, the US, and India.
The workers under Ikea will be transferred to Infosys and have access to its services. Infosys is a known consulting and information technology service provider. The firm aims to strengthen its position in the IT sector and provide the best business solutions, technologies, and IT services Globally. This agreement between Ikea and Infosys will be implemented for the next five years and can be extended up to three times if both parties benefit. According to the signed deal, this IT service provider will also take Danske Bank’s 1400 employees under its wing.
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