On 26th February 2014, Infosys announced its plan to hive off its products, platforms and solutions (PPS) business into a separate subsidiary at the beginning of the next financial year.
The new division, called Edge Works, will have a three-tier structure, one focusing on understanding market needs, another on product development and a third on implementation at client sites. Sanjay Purohit will be the CEO of the division and Samson David will be the COO. The company has dissolved the existing PPS structure. The company has recruited 600 senior level executives (delivery managers and VPs) from within the company to be a part of what it calls the business platform group (BizP).
“How you build PPS is very different from that of services and BPO. The move gives the PPS team the freedom to build out the software and products culture required for success. This means building in a more long-term software orientation. This also allows the company to make acquisitions should it wish to do so,” said Ray Wang, CEO of US-based research advisory firm Constellation Research.
