Mumbai, Dec 9: Infosys Technologies and EC Cubed, a business-to-business e-commerce solutions provider, have formed a partnership to enable large corporates to rapidly build and deploy e-commerce solutions. The announcement of the deal was greeted with a $21 jump in the ADRs during the opening session of Nasdaq on Thursday. The ADR price shot up to $287 taking the market capitalisation (based on the ADR price) to $18.9 billion. In the domestic market the shares closed at Rs 9,920, up from the previous day's Rs 9,824, still leaving a wide gap in valuation between the two markets.Infosys said in press release that the partnership combines capabilities of ecWorks(TM), EC Cubed's suite of e-commerce application components, and Infosys' systems integration expertise. The agreement will focus on three primary collaborative areas like product development, quality assurance and maintenance and systems integration and professional services.
All three areas of collaboration will center on the use of EC Cubed's e-commerce suite, ecWorks, said Infosys senior vice president Phaneesh Murthy. Building e-commerce solutions based on EC Cubed's e-commerce technology will enhance our ability to provide mission-critical e-commerce initiatives in rapid time-to-market model, he added. Infosys will set up a product competency center (PCC) that will function as a virtual extension of EC Cubed.
The PCC e-commerce domain experts will manage all quality processes, including compliance with the SEI Level five requirements, protect intellectual property, ensure code perfection and customisation, and offer global support and coverage. Others for whom Infosys is providing product competency centres include Nortel, Lucent, NCR and De La Rue. EC Cubed offers the technology for e-commerce solutions such as 100 per cent Java certified products.
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