Infosys invests in Ireland via strategic AIB-partnership

09 July 2015 Consultancy.uk

Infosys has joined with Allied Irish Banks in a strategic partnership that will see the consultancy firm, among others, invest $10 million into Irish start-ups as well as create a presence in the local economy. The deal involves the construction of a 200 seat facility to house both international and locally sourced staff and the provision of application development and management.

Allied Irish Banks (AIB) is considered one of the ‘big four’ Irish banks, which has since the end of 2010 been in public hands. The bank was founded in 1966 and has grown to take on an increasingly international role, with positions in the Poland, Estonia, Latvia, and Lithuania.  

The deal between Infosys and AIB sees the consulting firm become the Banks’ strategic partner. Infosys will deliver application development and management, and provide transformation and innovation services. The firm will also be transferring staff into Dublin, where it is will set up a 200 seat facility. The firm is also planning to make local appointments, within the bounds of a recent agreement signed with the region.

Infosys partners with AIB

The aim of the move is for Infosys to create a ‘spring board’ into the regional market, with the firm planning to set aside $10 million from its global Innovation Fund* for Ireland-based start-ups. Potential target for the investment is the Irish Fintech market, which is well situated according to a recent Accenture report.

Mohit Joshi, Executive Vice President, Global Head of Financial Services at Infosys, explains: “Our relationship with AIB is the platform that allows us to create a new relationship with Ireland and its people. We are delighted to welcome the AIB teams that will transfer to Infosys and we will ensure that they quickly feel at home with us. Our investment in the Irish start-up community reflects our belief that Ireland is a strong and vibrant nation, home to entrepreneurs who share our vision of technology as a way to drive growth. We will leverage our broad experience in Financial Services and other industries to support the digital transformation journey and strategic growth plans of AIB.”

* The Innovation Fund pool aims at supporting the development of disruptive technologies.

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Grey Consulting and Makerversity announce strategic partnership

05 April 2019 Consultancy.uk

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”