Infosys, one of the India's leading software exporters, announced a strategic relationship with the Institute for Computational & Mathematical Engineering (ICME), Stanford University. Through this arrangement, Infosys will work with ICME to develop curriculum in Data Science and Analytics focused on real-world problem areas and will undertake joint research using Data Science to find solutions to key industry issues.

Vishal Sikka, chief executive officer and managing director, Infosys said, ''Rapid advances in computing and technology have placed many powerful algorithms only a few clicks away. Gaining meaningful insights from large volumes of data has however become harder, as the deluge of data continues to outpace the gains in technology. Our clients inform us that their great challenge is to fuse domain and business knowledge with algorithms and machine learning.''

''I am confident that our relationship with Stanford will strengthen the foundations of data science for our clients and for Infosys through training on cutting edge technologies and algorithms. We look forward to conducting meaningful research with world-class researchers on issues of most importance to our clients and their business of today and tomorrow,'' he added.

Shares of the company gained Rs 45, or 1.2%, to trade at Rs 3,792.65. The total volume of shares traded was 5,908 at the BSE (9.48 a.m., Wednesday).