First India-headquartered company to receive BCR certificationAn accredited data privacy compliance framework for international data transfers from the EU

BENGALURU, India, Dec. 19, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has obtained regulatory approvals for its Binding Corporate Rules (BCR) from the Hesse Data Protection Authority, Germany, following concurrence from the EDPB (European Data Protection Board).

BCR provides a lawful framework within which organizations can transfer personal data internationally within their group companies. Two sets of BCRs have been approved for Infosys, one as a data controller (BCR-C) and the other as a data processor (BCR-P).

This BCR certification, which has been achieved for both Infosys’ own and client data, strengthens the company’s focus in maintaining consistent standards of data privacy and protection. This further enables seamless transfer of personal information from Europe to any Infosys Group location globally, and it is a milestone achievement in today’s AI-first world in addressing concerns around cross-border data transfers. 

“This accomplishment reinforces Infosys’ commitment towards responsible business practices. Today, the need to protect personal data is critical, and Infosys is helping clients carry out their business in a compliant environment. This recognition is a key differentiator for us when it comes to processing personal data and further affirms our dedication to accountability and trust,” said Inderpreet Sawhney, Group General Counsel and Chief Compliance Officer, Infosys.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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NuSummit holds strong expertise in business modernization for the BFSI sector, besides other industries, using AI, data, applications, cloud and cybersecurity solutions.

MUMBAI, India, Dec. 19, 2024 /PRNewswire/ — A leading technology solutions provider NSEIT today announced the rebranding of its technology business to NuSummit, marking a transformative milestone in the company’s evolution as a strategic services provider with deep domain expertise. NuSummit, backed by leading global alternative investment firm Investcorp, aims to establish itself as a modern, global technology powerhouse committed to driving digital transformation across the BFSI sector and other industries.

This rebranding is part of a journey that began with the National Stock Exchange’s (NSE) divestment of NSEIT’s technology business to Investcorp in April 2024. The transaction excludes the digital examinations business that is also housed inside NSEIT. The launch of NuSummit will lay out the foundation for a powerful, unified brand with strengths in advanced cybersecurity, cloud transformation, app modernization, AI and data-driven solutions. Aujas Cybersecurity, an acquisition by NSEIT specializing in providing end-to-end cybersecurity services and solutions across industries, will now operate as ‘A NuSummit Company’.

Announcing the brand’s new identity, Mr Anantharaman Sreenivasan, Managing Director & Group Chief Executive Officer, NuSummit, said, “NuSummit symbolizes our commitment to helping clients achieve their peak potential. We are not just rebranding; we are reimagining how technology can orchestrate meaningful and measurable outcomes that empower businesses to meet and capitalize on the opportunities presented by the digital and AI-driven business landscape. With a strong focus on cybersecurity, we ensure that businesses remain secure while advancing their digital transformation. Backed by Investcorp’s strategic vision and resources, NuSummit is now positioned to enter new geographies and industries. We aspire to be the strategic technology partner for companies worldwide, trusted for delivering business-critical services and solutions. Our customers can rely on us to deliver future-ready, thorough, and robust systems and processes that enhance efficiency and scalability.”

Mr Varun Laul, Partner at Investcorp, added, “We are pleased to be NuSummit’s partner in their ambitious goals to unlock transformative value through technology. NuSummit is uniquely positioned in the market with its cutting-edge solutions. We will be closely working with the NuSummit team as they explore newer geographies offering innovative and tailored solutions to modernize their IT landscapes, with a focus on tangible business outcomes.”

NuSummit is a leading provider of advanced digital transformation and cybersecurity services across industries. Its core focus is on global customers in capital markets, insurance, and banking. NSEIT has a strong presence in India, North America, and the Middle East.

Over the next five years, NuSummit aims to be the partner of choice, particularly for BFSI organizations that aim to leverage technology as a business differentiator by adopting AI-led modernization and digital transformation, and zero-trust cybersecurity.

About NuSummit 

As NuSummit, we’ve solidified our position as a premier provider of cutting-edge digital transformation and cybersecurity solutions. With a global clientele spanning capital markets, insurance, banking, and other industries, we’re proud to partner with over 300 businesses, including 22 Fortune 500 and 5 Fortune 50 clients. Our strong track record, recognized by numerous technology and culture awards, is a testament to our commitment to excellence. Backed by Investcorp, our team of dedicated professionals empowers organizations to orchestrate outcomes that help navigate the complex digital landscape with confidence.

About Investcorp 

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

Investcorp has today 14 offices across the US, Europe, GCC, and Asia, including India, China, Japan, and Singapore. Currently, Investcorp Group has over $52 billion in total AUM, including assets managed by third-party managers, and employs approximately 500 people from 50 nationalities globally across its offices.

For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.

For more information, please visit nusummit.com

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HONG KONG, Dec. 19, 2024 /PRNewswire/ — The 2024 World Taekwondo Poomsae Championships achieved great success at the Hong Kong Coliseum, setting a new world record with 1,727 athletes from 77 countries and regions participating.

As one of the main sponsors of the 2024 World Taekwondo Poomsae Championships, Magic Compass Group (hereinafter referred to as MC Group) is honored to support a local event that highlights athletic talent and also promotes the sport within the community. This sponsorship reflects MC Group’s commitment to social responsibility and its dedication to fostering a vibrant sports culture in Hong Kong and worldwide.

The event featured performances by athletes from around the world, showcasing high-level demonstrations that captivated the audience. Competitors spanned diverse age ranges, with categories for participants from children to seniors. Athletes represented countries around the world, such as South Korea, regions like Taiwan and Hong Kong, as well as non-Asian countries including the UK, Brazil, and the USA.

The event also saw significant participation from female athletes, highlighting the inclusivity of the championships. Participants performed various stunts, including breaking wooden boards stacked two to three levels high.

MC Group’s Vision for Global Sports Development

By supporting this championship event, Magic Compass Group aims to support athletes of all genders, age groups, and nationalities, at all levels. Events like these provide invaluable opportunities for local athletes to compete on a global stage, inspiring the next generation to pursue their passions and ambitions internationally.

Furthermore, MC Group is committed to investing in initiatives that enhance community engagement and development through sports. By partnering with organizations like the Hong Kong Taekwondo Association, MC Group strives to make a positive impact in the local community and contribute to the growth of taekwondo in Hong Kong.

MC Group’s support for local events that promote perseverance has been highly recognized. Congratulations to all the athletes who demonstrated their skills and commitment throughout the championship!

Media Contact
Organization: Advanced MCN Limited
Contact Person: Dorcas
Website:  https://mcgrp.com/
Email: mc.marketing@mcgrp.com 
Contact Number: +85265717058

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SOURCE Magic Compass Group