Indian IT major Infosys has bagged a $454-million deal from Denmark’s Danske Bank, the company said.
The deal is for the digital transformation of the Danish bank.
The Infosys deal comes close on the heels of another Indian IT biggy, TCS, announcing a $1.1 billion deal from UK’s National Employment Savings Trust.
The Infosys-Danske deal is for a period of five years, which could be ramped up to $900 million and also renewed for up to another three years, the company said in a filing with Indian bourses.
“Infosys will collaborate with Danske Bank to strengthen their core business with greater digital, cloud and data capabilities. This will help Danske Bank create more value for their customers using powerful advances in Al, including generative Al,” Infosys Chief Executive Officer Salil Parekh said in a statement.
In a statement, Danske Bank said the collaboration with Infosys would help achieve its strategic priorities regarding customer experience and operational excellence.
“Infosys was chosen to help with the bank’s technology transformation, optimise its access to talent and capabilities and improve productivity”, it said.
As part of the deal, Infosys will also acquire Danske Bank’s IT centre in Bengaluru, which employs 1,400 people, media reports said.
Infosys announced in May this year winning a $1.5-billion contract from BP, marking the biggest deal since the company signed Daimler in late 2020.
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