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Technology firm to bring 500 jobs, $12.3M investment to Richardson

🕐 3 min read

Gov. Greg Abbott on Nov. 13 announced that Infosys Limited will be expanding its presence in Richardson, bringing 500 new jobs and $12.3 million in capital investment to the area. Founded in 1981, Infosys Limited is a technology services and consulting firm providing software development and engineering services to corporations. Headquartered in Bengaluru, India, Infosys operates in 45 countries and has over 200,000 employees worldwide. A Texas Enterprise Fund (TEF) grant offer of $3 million has been extended to Infosys.

“Texas is a leader in the establishment of booming technology hubs because of innovative companies like Infosys,” said Abbott. “Companies such as Infosys are choosing to invest in the Lone Star State because of our business-friendly practices and rich and diverse talent pool. Infosys’ expansion in the city of Richardson will create hundreds of good jobs for Texans, and I thank Infosys for their investment and look forward to building on our already strong partnership.”

The Texas Technology and Innovation Hub represents a key milestone in Infosys’ digital transformation campaign for the Americas and builds upon its May 2017 announcement to hire 10,000 American workers by 2019. Infosys has hired over 6,200 American workers since May 2017.

“We are excited to announce the expansion of our presence in Texas—the latest phase of our continued investment in driving digital transformations for American businesses,” said Pravin Rao, COO, Infosys. “Digital is rapidly changing every industry, and our Hubs will allow us to co-locate, co-innovate and co-create alongside our clients.”

Earlier this week, the City of Richardson, Richardson Chamber of Commerce and Richardson Rotary Clubs selected Infosys to receive the International Business EDGE Award, given to a foreign-owned business in Richardson that has provided significant economic investments and support in the community.

Building on the strength of its existing Texas network of highly skilled professionals, the Texas Technology and Innovation Hub will facilitate greater collaboration with clients in the region. To date, Infosys has opened two Technology and Innovation Hubs, one in Indianapolis, Indiana and another in Raleigh, North Carolina. Infosys has also announced additional Technology and Innovation Hubs in Hartford, Connecticut and Phoenix, Arizona, as well as a unique Design and Innovation Hub in Providence, Rhode Island.

“Texas’ world-class educational institutions is key to Infosys’ workforce development efforts,” said Ravi Kumar, president, Infosys. “As we keep growing in Texas, our increased investment will improve our ability to deliver for our clients by helping to broaden the STEM talent pipeline here and providing training for the specialist skills that our clients need.”

“We are pleased to see Infosys establishing its new technology and innovation hub in Richardson,” said Richardson Mayor Paul Voelker. “Infosys will benefit tremendously from the Telecom Corridor area’s access to leading corporations across a variety of sectors, a deep pool of experienced tech talent and strong academic partners preparing the professionals of tomorrow. We are grateful to our community for helping us build a well-deserved global reputation as a leader in digital innovation, and we are also deeply appreciative of the State’s support in bringing this project to fruition.”

As part of Infosys’ commitment to driving digital transformation for American enterprises and helping create the workforce of the future, Infosys Foundation USA has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, more than 4.7 million students; 13,000 teachers and 21,000 schools across America, including over 11,164 students, 256 teachers and 252 schools in Texas, have benefited from computer science training and classroom equipment funded by Infosys Foundation USA. This includes grants for professional development for teachers, hands on workshops for students, and new technology and teaching aids for classrooms, with an emphasis placed on serving underrepresented groups such as women, African-American, Latino, urban, rural and autistic groups that will gain greater access to computer science and maker education.

Since Abbott has been governor, the Texas Enterprise Fund helped to close the deal on 29 projects in 2015-2018 that committed over $853 million in new capital investments and more than 16,500 new direct jobs all across the state.

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