NEW YORK, July 24, 2019 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new API Speed Layer solution for customers in collaboration with MongoDB, Inc. (Nasdaq: MDB), the leading modern, general purpose database platform. This solution offers enterprises feature-rich, modern applications that leverage the benefits of APIs, combining the capabilities of the Infosys Microservices Acceleration Platform with MongoDB's global cloud database, MongoDB Atlas.
The API Speed Layer solution makes it easy for customers to set up legacy software applications in a microservices architecture. It helps enterprises run complex landscapes with a mix of on-premise legacy and modernized systems, multi-cloud environments and SaaS solutions. This offering establishes an architectural layer that can efficiently ingest and organize data from diverse sources on a cloud-native platform, and serve it up in digital-ready API form factor.
The API Speed Layer is also supported by MongoDB's serverless platform, Stitch, which facilitates the rapid development of microservices, mobile and web applications making it easy for a customer using the API Speed Layer to quickly build a microservice by eliminating the time-intensive, boilerplate backend coding.
"The API ecosystem is a key building block for the platform economy. Every enterprise on the digital transformation journey is composing its digital platform, and APIs and Microservices are significantly accelerating the data connectivity between core systems of record and customer engagement channels by eliminating a costly and lengthy core migration effort," said Jimit Arora, Partner, IT Services Research at Everest Group, a consulting and research company. "Consequently, enterprises can realize the benefits of digital transformation faster – superior experiences, technology simplification, and enterprise agility."
"Infosys has a proven track record of identifying the key business challenges facing its customers and addressing them with disruptive technologies," said Alan Chhabra, SVP of Worldwide Partners, MongoDB. "The API Speed Layer is just the latest solution to come out of our strategic partnership. This solution will have a huge impact on enterprises by complementing our Atlas-Stitch offering. It will benefit companies looking to accelerate their digital business while future proofing their technology architecture to take advantage of the next big waves of innovation."
"API Economy is one of the focus areas of Infosys' Agile Digital strategy and our partnership with MongoDB will provide a strong value proposition of strategic offerings such as the API led speed layer in this space," said Ravi Kumar S., President, Infosys. "We continue to look at accelerating API-led digital transformation for clients to digitize the core, optimize business processes and deliver superior customer engagements."
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Certain statements mentioned in this release concerning our future growth prospects and our future business expectations are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties that could cause actual results 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 fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. 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.