Infosys (INFY) Arm To Transform Canada's Transport Structure

Infosys Limited’s (NYSE:INFY) North America-based subsidiary Infosys Public Services Inc. (“IPS”) and Canada’s Ministry of Transportation Ontario (MTO) pioneered the implementation of a state-of-the-art carrier registration, licensing and performance monitoring system for supporting more than 9 million people in Ontario.

Powered by Oracle (NYSE:ORCL) software products, the latest Registration and Licensing System of Ontario (RLSO) has been designed as an enterprise services-based platform to replace MTO’s 40-year-old legacy licensing and registration system. IPS resorted to a three-ponged strategy to materialize this transformation through improved business performance, technology and business modernization.

More than 80% of the total business functionality including services like motor vehicle inspection stations, carrier registration and carrier performance monitoring are being handled by the new system. Going forward, RSLO plans to extend its services to areas like audit program, stock management and online services for carrier clients.

Precisely, this whole initiative is part of MTO’s Road User Modernization Program that aims at creating a client-friendly solution which can eliminate cumbersome paper-based processes in favor of an automated “one client / one record” integrated driver, vehicle, and carrier system. With IPS’ aid, Ontario, which is also the most populous province housing 37% residents, became the first jurisdiction in North America to adopt a comprehensive carrier registration and performance monitoring solution that will fundamentally alter its public infrastructure.

Infosys is upbeat about the initiatives which are being implemented by the Motor Vehicle Departments and Ministries of Transportation are will likely unlock new business opportunities for the company. As a matter of fact, Infosys has been successfully boosting its financials through the winning of multiple clients and signing of major deals.

During the fourth quarter of fiscal 2016, the company added 47 new clients and signed six large deals worth $757 million. Apart from the implementation of the carrier registration, licensing and performance monitoring system, the company’s American business is witnessing bright prospects with two major deals signed in financial services in the Americas.

Infosys currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Barracuda Networks, Inc. (NYSE:CUDA) , CoStar Group Inc. (NASDAQ:CSGP) and EarthLink Holdings Corp. (NASDAQ:ELNK) . All three stocks sport a Zacks Rank #1 (Strong Buy).