Infosys Equinox to Bolster Packable’s
Proprietary Technology with the Purpose of Helping Brands Across
E-commerce Channels
Infosys (NYSE:INFY), a global leader in next-generation digital
services and consulting, today announced its collaboration with
Packable, a leading E-commerce company with a proprietary
tech-enabled offering, sitting at the intersection of brands,
marketplaces and customers. Packable recently announced a merger
with Highland Transcend Partners, setting it on the path to
becoming a public company. Through the partnership with Packable,
Infosys will integrate its flagship human-centric digital commerce
platform, Infosys Equinox, with Packable IQ (Packable’s proprietary
E-commerce platform). The strategic collaboration will strengthen
Packable’s ability to offer its brand partners an engaging,
innovative, and agile Direct to Consumer platform (D2C):
“D2C-in-a-box.”
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The proliferation of E-commerce and digital channels means it is
increasingly critical for brands to develop and execute innovative
D2C strategies to help them win E-commerce shoppers through unique,
personalized and innovative customer engagement. Packable –
equipped with Infosys’s Equinox’s microservices based, API first,
and cloud native design – will be better situated to add greater
value to its brand partners via the new D2C-in-a-box offering.
Equinox combined with Packable IQ’s intelligent pricing, consumer
transaction data, smart inventory management and extensive
fulfillment capabilities will create a highly competitive D2C
platform to run and manage a brand’s E-commerce website and
operations. It will also enable brands to create curated D2C
journeys ready to be launched in a matter of weeks.
The Equinox-powered cloud-native D2C platform will bring
together the best of Packable and Infosys for brands: Packable IQ
along with Infosys Equinox’s end-to-end commerce-as-a-service for
enterprises, to drive results throughout the purchase lifecycle.
The solution will create a repository of complementary and
collectively exhaustive services that can be easily integrated with
existing core systems or new platforms to deliver headless commerce
capabilities coupled with real time analytics and insights
on-demand. It will also provide brands with digital advances
including conversational commerce, augmented reality, voice and
social commerce, enabling them to engage with consumers through
rich and hyper-personalized experiences.
Karmesh Vaswani, Executive Vice President & Global Head
Consumer, Retail & Logistics, Infosys, said, “Our clients
are seeking predictive and customized playbooks to win in
E-commerce marketplaces. Powerful stories made to stick digitally,
smart analytics and algorithms, rich personalized experiences and
staying a step ahead of the consumer are key. They also need
platform capability to overcome the inertia of mainstream
enterprise technology stacks. We are delighted that the
Packable-Infosys Equinox strategic collaboration will enable brands
with autonomous capabilities to place the right offerings before
the right consumer, at the right moment, and at the right
price.”
Andrew Vagenas, Chief Executive Officer, Packable, said,
“We’re thrilled to partner with Infosys. This exciting partnership
marks another milestone in the execution of Packable’s strategy of
augmenting our D2C platform ecosystem to accelerate brand partners’
revenues and profitability across E-commerce channels. As we
continue our journey to becoming a public company, we’re diligently
looking for partnerships to help bring the highest-quality services
to customers, and this agreement with Infosys Equinox allows us to
do just that.”
Ash Mehra, Chief Information Officer, Packable, said, “At
Packable, we are actively deepening our relationships with brand
partners of all stripes, from household name consumer product's
companies to Digitally Native Brands. This partnership with Infosys
Equinox will enable us to provide even more value additive services
to our brand partners, continuing to set them up for success in the
age of E-commerce.”
About Packable
Packable is a leading E-commerce company with a proprietary
technology platform that empowers brands throughout the transaction
lifecycle, by providing them with tech-enabled inventory planning
and data analytics, marketing, marketplace management, logistics
and distribution, customer experience and support. Founded in 2010,
Packable has approximately 1000 employees, including a premier team
of E-commerce experts, connecting consumers to their favorite
brands on online marketplaces such as Amazon, Walmart, Google,
eBay, Target, Kroger and Facebook, becoming one of the largest
marketplace sellers in North America. By combining the end-to-end
commerce lifecycle in one platform, Packable acts as a
comprehensive service provider and empowers its brand partners to
avoid disparate and inefficient points of sale. Additionally, since
Packable helps facilitate the vast E-commerce lifecycle, it gains
access to rich customer transaction data, providing it with
differentiated data insights that it uses to optimize its platform
and benefit its brand partners.
To learn more about Packable, which announced on September 9,
2021 that it plans to become a public company through a merger with
Highland Transcend Partners (NYSE:HTPA), a special purpose
acquisition company (SPAC), please visit: packable.com. Upon
completion of the transaction, Packable expects to be listed on the
NASDAQ.
About Infosys Equinox
Infosys Equinox is the flagship human-centric digital commerce
platform of Infosys. The platform helps brands provide omnichannel
and memorable shopping experiences to their customers. With a
future-ready architecture and integrated commerce ecosystem,
Infosys Equinox provides an end-to-end commerce platform covering
all facets of an enterprise’s E-commerce needs.
Visit https://www.infosysequinox.com/ to see how Infosys Equinox
can help your enterprise deliver hyper-segmented, personalized
omnichannel commerce experiences for B2B and B2C buyers.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in over 50 countries to navigate
their digital transformation. With over four 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.
Visit https://www.infosys.com/about to see how Infosys (NSE,
BSE, NYSE: INFY) can help your enterprise navigate your next.
Participants in the Solicitation
Packable Holdings, LLC (“Packable”), Highland Transcend Partners
I Corp. (“HTP”), and their respective directors, executive officers
and employees and other persons may be deemed to be participants in
the solicitation of proxies from the holders of shares of HTP
common stock in respect of the proposed transaction (the “Proposed
Transaction”) described herein. Information about HTP’s directors
and executive officers and their ownership of HTP common stock and
other information regarding the interests of such individuals, as
well as information regarding Packable’s directors and executive
officers, will be set forth in the proxy statement/prospectus,
which will be included in HTP’s registration statement on Form S-4.
You may obtain free copies of these documents as described in the
succeeding paragraph.
Additional Information and Where To Find It
In connection with the transaction described herein, HTP has
filed and will file relevant materials with the SEC, including a
registration statement on Form S-4 that will contain a
prospectus/proxy statement of HTP. The proxy statement/prospectus
will be sent to all HTP and Packable stockholders, and the
securities may not be sold or exchanged until the registration
statement becomes effective. INVESTORS AND SECURITY HOLDERS OF HTP
AND PACKABLE ARE URGED TO READ THESE MATERIALS (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS
IN CONNECTION WITH THE TRANSACTION THAT HTP WILL FILE WITH THE SEC
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT HTP, PACKABLE AND THE TRANSACTION. This
communication is not a substitute for the registration statement,
proxy statement/prospectus or any other documents that HTP may file
with the SEC or send to stockholders in connection with the
Proposed Transaction. The documents filed by HTP with the SEC may
be obtained free of charge at HTP’s website at
https://www.highlandtranscend.com/ or the SEC’s website
(www.sec.gov). Investors and security holders are urged to read the
proxy statement/prospectus and other relevant materials when they
become available before making any voting or investment decision
with respect to the Proposed Transaction.
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Forward-Looking Statements
The information in this communication includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target” or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the benefits of strategic collaboration
between Packable and Infosys, anticipated benefits to customers of
any collaborations; expectations and timing related to commercial
product and services launches, potential benefits of the Proposed
Transaction and expectations related to the terms and timing of the
Proposed Transaction. These statements are based on various
assumptions, whether or not identified in this communication, and
on the current expectations of Packable’s and HTP’s management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of Packable and HTP. These forward-looking statements are
subject to a number of risks and uncertainties, including changes
in domestic and foreign business, market, financial, political and
legal conditions; the inability of the parties to successfully or
timely consummate the proposed business combination, including the
risk that any required regulatory approvals are not obtained, are
delayed or are subject to unanticipated conditions that could
adversely affect the combined company or the expected benefits of
the proposed business combination or that the approval of the
shareholders of Packable or HTP is not obtained; failure to realize
the anticipated benefits of the proposed business combination;
risks relating to the uncertainty of the projected financial
information with respect to Packable; future global, regional or
local economic and market conditions; the development, effects and
enforcement of laws and regulations; Packable’s ability to manage
future growth; the effects of competition on Packable’s future
business; the amount of redemption requests made by HTP’s public
shareholders; the ability of HTP or the combined company to issue
equity or equity-linked securities in connection with the proposed
business combination or in the future; the outcome of any potential
litigation, government and regulatory proceedings, investigations
and inquiries; and those factors discussed in HTP’s final
prospectus that forms a part of HTP’s Registration Statement on
Form S-1 (Reg. No. 333-250125), filed with the SEC pursuant to Rule
424(b)(4) on December 4, 2020, its Annual Report on Form 10-K for
the fiscal year ended December 31, 2020 under the heading “Risk
Factors,” its registration statement on Form S-4 and definitive
proxy statement/prospectus relating to the proposed business
combination as may be declared effective by the SEC under the
heading “Risk Factors,” and other documents of HTP filed, or to be
filed, with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that neither HTP nor Packable presently
know or that HTP nor Packable currently believe are immaterial that
could also cause actual results to differ from those contained in
the forward-looking statements. In addition, forward-looking
statements reflect HTP’s or Packable’s expectations, plans or
forecasts of future events and views as of the date of this
communication. HTP and Packable anticipate that subsequent events
and developments will cause HTP’s or Packable’s assessments to
change. However, while HTP and Packable may elect to update these
forward-looking statements at some point in the future, HTP and
Packable specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing HTP’s or Packable’s assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which 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 COVID-19 and the effects of government and
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United States and
other countries around the world, changes in political, business,
and economic conditions, 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, unauthorized use of our intellectual
property and general economic conditions affecting our industry and
the outcome of pending litigation and government investigation.
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, 2021. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211209005995/en/
Packable Media: Packable-SVC@sardverb.com
Infosys Media: PR_Global@Infosys.com
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