Infosys inks 5-year pact with European energy trading house

Infosys has signed a five-year agreement with RWE Supply and Trading (RWEST), a leading European energy trading house to provide technology services. In a statement, the software exporter said these technology services will be used power its trading platform systems. The deal is over five years and according to Infosys officials, it is based on ‘gain share’, which essentially means that Infosys gets revenues based on RWEST’s transactions on this platform. RWEST is based out of Essen in Germany and has trading floors in London and Swindon as well as trading floors of subsidiaries and affiliates in Den Bosch, Geneva, Singapore and New York. Also, Infosys will jointly invest in a framework to identify and implement business and technology projects that will create business efficiencies, drive growth from new markets and commodities and deliver measurable benefits, according to Infosys officials.