Infosys today announced that it has signed a five-year agreement with the leading global express delivery company TNT, to help TNT simplify and transform its technology applications. 
 
As part of its turnaround and transformation strategy called 'Outlook', TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility. Infosys has been selected as the strategic technology partner for application development and maintenance services to accomplish this objective.
 
The current IT applications of TNT will be consolidated and standardised for higher quality of service and lower cost of operations. Innovative value engineering and automation methodologies at Infosys will amplify business benefits for TNT. Infosys will use its collaboration technologies and world-wide presence to deliver a 24X7 service across multiple locations to support TNT’s global operations.
 
Karmesh Vaswani, vice president and Head Europe - Retail, CPG & Logistics, Infosys said, "TNT's IT transformation roadmap resonates strongly with the renew-new strategy of Infosys. We look forward to helping TNT leapfrog to the next-generation SaaS and Cloud-based digital technologies that are customer friendly, cost effective and flexible. At the same time, we will strive to ensure TNT's existing IT applications are revitalized."
 
Shares of the company declined Rs 2.55, or 0.11%, to trade at Rs 2,292.30. The total volume of shares traded was 22,462 at the BSE (12.56 p.m., Monday).