Infosys signs deal with Danske Bank worth $454 million; will help in digital transformation, acquire its IT center in India

Infosys on Monday announced that it has signed a strategic collaboration with Danske Bank to help accelerate the digital transformation of the bank with speed and scale. The deal value is $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times, Infosys said. As part of the deal, Infosys will also acquire Danske Bank’s IT center in India, where over 1,400 professionals are employed, it said in a regulatory filing. With its global expertise and industry-solutions, Infosys will accelerate the bank’s digital agenda by significantly enhancing their IT operations and capabilities, powered by Infosys Topaz. Infosys Topaz is an AI-first set of services, solutions and platforms, experience design, and services that support operations.