A global integrated energy company, bp and IT giant Infosys signed a Memorandum of Understanding (MoU) on Tuesday to show their intent for Infosys to serve as bp’s primary partner for end-to-end application services, including development, modernization, management, and maintenance.
“This strategic engagement further strengthens the long-standing relationship, spanning over two decades, between the two companies,” said Infosys in its regulatory filing.
Bp and Infosys will collaborate to modernize Bp’s application landscape to improve business resilience, drive value from operational efficiencies, and create more adaptive and agile processes to speed up innovation. Bp pivots towards becoming an integrated energy company to become a net zero company by 2050 or earlier and help the world achieve net zero.
The companies will look into new ways to advance DE&I, sustainability, and other social impact initiatives.
“We are delighted to further develop our relationship with Infosys to help accelerate our digital transformation and scale growth through tech-enabled operations. Together, we look forward to delivering innovative solutions that meet the evolving needs of our customers and drive growth for the future,” said Leigh-Ann Russell, EVP, Innovation & Engineering, bp.
“This is a strategic milestone in our long-standing relationship with bp. As we see global momentum in energy transition, building a strong digital core and scaling it to maximize operational efficiency is a key business imperative. We are now jointly working towards enhancing digital maturity, productivity, and driving innovation for bp,” said Salil Parekh, CEO & MD, Infosys.
“Together, we will leverage the power of digital technologies and advancements in AI to deliver solutions that will help to transform bp’s operational landscape and drive business growth,” he added.