Infosys, Israel sign pact for industrial R&D

India's second largest software services provider Infosys has signed a memorandum of understanding with Israel to establish and enhance cooperation in industrial research and development.

This MoU is a part of the global enterprise collaboration programme developed by the office of chief scientist of Israel to accelerate innovation through a global ecosystem, the company said on Thursday.

"The MoU creates a framework for industrial cooperation between Infosys and Israeli corporations in the emerging technology areas of cloud, information security, sensors, analytics and sustainability," it said.

Infosys Labs, the research and innovation arm of Infosys, strengthens its existing innovation ecosystem of clients, partners and industry consortia through this MoU, it added.

Infosys shares closed up 1.1% at Rs 2,498.30 on NSE on Thursday.