Edgeverve, an Infosys company Among Apps Top 500

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Edgeverve, an Infosys company Strengths, Domain Expertise, and Key Differentiators

EdgeVerve Systems, a wholly-owned subsidiary of Infosys, develops innovative software products and offers them on premise or as cloud-hosted business platforms. EdgeVerve's products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world andpower their clients’ growth in rapidly evolving areas like banking, distributive trade, credit servicing, customer service and enterprise buying. Today, global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecommunications use EdgeVerve products. EdgeVerve Products include: Finacle, its universal banking solution; AssistEdge, its flagship offering in automation that covers the full spectrum of automation using software robots, assisted automation and partial automation; Infosys Nia, the artificial intelligence platform; TradeEdge, a cloud based solution that enables brands gain maximum channel visibility, new distributors, improve retail execution and reach new markets faster. TradeEdge provides insights from distributors and retailers across the demand value chain to accelerate growth in emerging as well as developed markets. ProcureEdge, which leverages AI and automation to create a non-intrusive intelligence layer on top of the existing procurement ecosystem and creates a single source of truth for procurement data.

Edgeverve, an Infosys company Recent Developments

In August 2019, EdgeVerve launched AssistEdge 18.0. AssistEdge 18.0 is a significant step towards EdgeVerve's vision of Automation Singularity. Powered by Albie, EdgeVerve's cognitive engine, organizations will be able to seamlessly integrate human specialists with digital bots to create more scalable and secure process automation. In July 2019, AssistEdge Cloud RPA was launched.It offers RPA as a managed service powered by standard cloud infrastructure and a flexible service model that meets diverse enterprise needs and accelerates time to value. In addition, automatic product upgrades allow enterprises to elastically scale the Cloud RPA platform based on their business demand. In April 2019, EdgeVerve Systems launched CollectEdge at LendIt Fintech USA 2019. CollectEdge is an Artificial Intelligence powered product designed to help lending organizations reduce delinquency rates, boost recoveries, improve operational efficiencies and enhance customer experience. Furthermore, In June 2019, EdgeVerve Systems launched AssistEdge Engage at CCW Vegas. AssistEdge Engage is an intelligent automation platform for contact centers offering smart features that increase agent productivity, satisfaction and elevate customer experience. With the emergence of RPA and maturity of AI capabilities, there is a significant opportunity for contact centers to relook at the ways in which they can service their customers. Easy to integrate and deploy, AssistEdge Engage harnesses the power of AI and RPA, making it possible for businesses to amplify returns from their existing contact center investments.

Edgeverve, an Infosys company Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask the simple question: Who’s buying Edgeverve, an Infosys company applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Edgeverve, an Infosys company and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Finacle on Cloud, customers.

Edgeverve, an Infosys company Overview

Ownership: - x

Number of Employees: 1500

Functional Markets: ERP Services and Operations Management, Treasury and Risk Management,

Key Verticals: Banking and Financial Services, Distribution, Insurance, Life Sciences, Manufacturing, Media, Retail, Utility,

Edgeverve, an Infosys company Key Enterprise and Cloud Applications

Finacle on Cloud,

Edgeverve, an Infosys company Revenues, $M:

Type/Year 2017 2018 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Edgeverve, an Infosys company Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Edgeverve, an Infosys company Revenues By Region, $M

Region % of Total Revenues 2018 Total Revenues, $M 2018 Enterprise Applications Revenues, $M 2018 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Edgeverve, an Infosys company Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Edgeverve, an Infosys company Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Edgeverve, an Infosys company Customers

No. of Edgeverve, an Infosys company Customers: 200

No. of Edgeverve, an Infosys company Enterprise Applications Customers: 200

No. of Edgeverve, an Infosys company Cloud Customers: x

No. of Edgeverve, an Infosys company Cloud Subscribers: x

Infosys Finacle has an installed base of 200+ banks in 80+ countries covering 60,000+ branches and serves over 1 billion users– nearly 16.5 percent of the world’s adult banked population. Among its earlier customer wins are: Australian Military Bank, Ayeyarwaddy Farmers Development Bank, Myawaddy Bank, Telekom Malaysia, Mediterranean Bank and others.

Edgeverve, an Infosys company Market Opportunities, M&A and Geo Expansions

In April 2019, EdgeVerve Systems has been selected by Ahli United Bank, Kuwait to automate the bank’s operational processes using the AssistEdge RPA platform. Ahli United Bank is one of the pioneering banks in Kuwait to innovate its banking operations using RPA. Leveraging AssistEdge’s RPA platform, the bank will be able to improve SLAs (service level agreements), accelerate turnaround time, reduce human dependency and errors by increasing efficiency and efficacy of processes across different business functions.

Edgeverve, an Infosys company Risks and Challenges

Over the past few years, Finacle has been focusing on new banks and financial services in emerging markets by completing rapid implementations including one that went live in 50 days. While it's not clear whether Finacle can replicate such successful implementations on a large scale, the challenge is to extend its knowhow to different implementation partners beyond Infosys' own professional services arm. Only then will customers and prospects be able to fully appreciate the openness of the Finacle architecture as well as the ease of its deployment when they can choose their preferred partner to implement Finacle products to their specifications.

Edgeverve, an Infosys company Ecosystem, Partners, Resellers and SI

In June 2019, JAGGAER, the independent spend management company partnered with EdgeVerve Systems to develop innovative software products for customers in multiple industries including manufacturing, retail, logistics, and higher education. EdgeVerve offers best in class Artificial Intelligence capabilities with Infosys Nia, and Intelligent Automation (RPA) capabilities with AssistEdge. The solutions will be delivered to customers through the JAGGAER ONE spend management solution suite.

Edgeverve, an Infosys company Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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