Feeds

Finacle manacled as Infosys spins out products and platforms

The marketroids have outdone themselves this time: new outfit is “Edgeverve Systems”

Internet Security Threat Report 2014

The evolution of India's IT services companies continues apace, with news that Infosys has decided to step away from its products, platforms and services (PPS) business.

The star of Infosys' PPS business is Finacle, a core banking product that has obvious synergies with the company's services business and is responsible for about four per cent of its $US8bn annual revenue. Finacle will remain as part of Infosys, but the rest of the division's offerings will be spun out in a subsidiary called “Edgeverve Systems.”

Those seeking insight into just what an Edgeverve does when it is at home might find it useful to know that new entity will get to play with current products like PaaS offering “Edge” and a range of vertical applications that also glory in edgy names.

Infosys' strategy apparently considers that unshackling these products from the parent company will mean a chance to accelerate their growth. The company clearly needs more from its software assets: in its recent Form 20-F it admits that “In fiscal 2014, fiscal 2013 and fiscal 2012, we earned 3.6%, 4.0% and 4.6% of our total revenue from software products, respectively.”

That decline is almost certainly worrying, so the spin-out plan looks like an attempt to turn the business around. Markets seem to think that's not a dud plan: the company's shares finished Monday trading on a nice uptick from last week's price. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.