News Summary

• Two‑thirds of industrial organizations have moved to active AI deployments in live operational environments.
• Network readiness and security posture are cited as the primary factors shaping how quickly and safely organizations scale AI across connected assets, machines, and sites.
• Strong IT/OT collaboration correlates with greater confidence in scaling AI, more stable network infrastructure, and stronger emphasis on cybersecurity.

SAN JOSE, Calif., April 7, 2026 /PRNewswire/ — Cisco (NASDAQ: CSCO) today announced the release of its latest annual industrial research report, the State of Industrial AI Report, examining how critical infrastructure like factories, utilities, and transportation systems are accelerating their direct deployments of AI. The report provides a data‑driven view into how industrial organizations are adopting AI, the challenges they face as AI moves into live operations, and the opportunities created as AI becomes embedded in physical systems, infrastructure, and workflows.

The double-blind global study surveyed more than 1,000 operational technology (OT) decision‑makers across 19 countries and 21 industrial sectors. The findings show that AI is now delivering measurable operational benefits in use cases such as process automation, automated quality inspection, predictive maintenance, logistics, and energy forecasting. However, many organizations are increasingly constrained by readiness gaps in networking infrastructure, cybersecurity, and IT/OT operating models as AI shifts into real‑time, production‑grade use in physical environments.

“Industrial AI is moving from experimentation into production, where AI systems sense, reason, and act in the real world,” said Vikas Butaney, SVP/GM of Secure Routing and Industrial IoT at Cisco. “At this stage, success is no longer determined by models alone, but by whether networks, security, and teams are ready to support AI at the edge, in motion, and at scale. The research shows that organizations confident in scaling AI are those treating infrastructure, cybersecurity, and IT/OT collaboration as foundational, not optional.”

Key Takeaways from the State of Industrial AI Report
The survey shows industrial AI has moved from a future consideration to active deployment, with 61% of organizations now using AI in live industrial operations where performance, reliability, and security have direct physical consequences, and 20% reporting scaled, mature deployments. Across manufacturing, transportation, and utilities, AI is powering machine vision, robotics, mobility, and safety‑critical operations. Most organizations plan to increase AI spending (83%), and nearly nine in ten expect meaningful outcomes within the next two years (87%). Yet as adoption accelerates, many are struggling to sustain and expand deployments, with readiness across network infrastructure, security, and skills increasingly determining whether AI can scale consistently across core physical environments.

• Infrastructure readiness is emerging as a primary determinant of scale. As AI becomes embedded in machines, sensors, vision systems, and autonomous operations, organizations face rising demands for reliable connectivity, wireless mobility, predictable latency, edge compute, and power, making network readiness a gating factor for physical AI deployments.
  • 97% expect AI workloads to impact their industrial network requirements
  • 51% of organizations expect AI workloads to increase connectivity and reliability requirements in their industrial networks
  • 96% say wireless networking is essential to enabling AI

• Cybersecurity is shaping both the pace and confidence of AI adoption. As AI expands connectivity and data flows across industrial environments, security remains the top barrier to scale. At the same time, organizations increasingly view AI as part of the solution, with a majority expecting AI to strengthen monitoring, detection, and operational resilience.
  • 98% say cybersecurity is foundational for AI-ready infrastructure
  • 40% cite cybersecurity as the biggest obstacle to scaling AI
  • 85% expect AI to improve their cybersecurity posture

• IT/OT collaboration is proving critical to operationalizing AI at scale. Organizations with closer collaboration between IT and operational teams report greater confidence in expanding AI, more stable networks supporting physical operations, and a stronger emphasis on cybersecurity as a baseline requirement, underscoring the need to build the skills required for scalable AI adoption.
  • 57% report some level of IT/OT collaboration
  • 43% report limited or no collaboration
  • 47% of organizations with limited IT/OT collaboration cite network instability as a top operational challenge to scale AI

Background:

• The State of Industrial AI Report is based on data from a global survey of more than 1,000 operational technology decision‑makers, conducted by Cisco in association with Sapio Research.
• Survey respondents were from 19 countries and across 21 industry sectors, representing a range of industries including manufacturing, transportation/logistics, energy/utilities and more.
• The report aggregates findings from decision-makers at companies with annual revenues of more than $100 million.

Additional Resources:

• Download the State of Industrial AI Report
• Download the State of Industrial AI Report for EMEA
• Download the State of Industrial AI Report for Manufacturing
• Download the State of Industrial AI Report for Transportation
• Download the State of Industrial AI Report for Utilities
• Blog: Industrial AI: Progress, Pressure, and the Path to Scale 
• Learn more about Cisco Industrial IoT

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word ‘partner’ does not imply a partnership relationship between Cisco and any other company. 

Disclaimer: Many of the products and features mentioned are still in development and will be made available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change. 

• Mesirow appoints Mr. Manabu Ogi as Managing Director and Head of Japan, Capital Formation and Currency Solutions.
• Mesirow appoints Mr. Katsuya Fukushima as Managing Director and Head of Sales, Japan.
• New Tokyo office expands the firm’s ability to serve Japanese institutional investors across private equity, alternative credit, direct real estate, and currency solutions.

CHICAGO and TOKYO, April 8, 2026 /PRNewswire/ — Mesirow, an independent, employee‑owned financial services firm, today announced the expansion of its Asia‑Pacific footprint with the opening of its Tokyo office and the appointments of Mr. Manabu Ogi and Mr. Katsuya Fukushima, two highly respected executives in Japan’s institutional investment community.

Mesirow Expands Asia-Pacific Presence with Appointment of Mr. Manabu Ogi and Mr. Katsuya Fukushima to Lead New Tokyo Office | L to R: David Schrock, Manabu Ogi, Katsuya Fukushima

In their new roles, Mr. Ogi and Mr. Fukushima will lead Mesirow’s efforts to serve Japanese institutional investors and consultants across the firm’s growing suite of Private Capital and Currency Solutions. Their appointments further accelerate Mesirow’s long‑term commitment to delivering differentiated alternative investment capabilities to clients across the region.

“Japan represents one of the world’s most sophisticated institutional investment markets, and establishing a local presence is a meaningful milestone for our global platform,” said David Schrock, Senior Managing Director and Global Head of Mesirow Capital Formation and Currency Solutions. “Mr. Ogi and Mr. Fukushima are highly respected leaders with deep relationships and a shared commitment to client service. Their experience and integrity will enable us to build long‑term partnerships in Japan and deliver the differentiated alternative investment capabilities that Mesirow is known for.”

About Mr. Manabu Ogi
Mr. Ogi, Managing Director and Head of Japan, brings more than two decades of leadership experience in alternative investments. Before joining Mesirow, he served as an advisor at Daiwa JPI Alternative Investments, and previously held senior roles at Mitsui & Co. Alternative Investments, including Board Member and Chief Product Officer, where he led Investment Management, Product Management, Sales, and Marketing. Earlier in his career, he led Client Service and Marketing at Man Group’s FRM in Tokyo. Mr. Ogi earned a Bachelor of Arts in Business Administration from Kwansei Gakuin University.

About Mr. Katsuya Fukushima
Mr. Fukushima, Managing Director and Head of Sales, Japan, joins Mesirow following a distinguished career leading institutional sales and marketing in Japan’s alternative investment sector. Most recently, he served as Executive Director at Mitsui & Co. Alternative Investments, heading the firm’s Sales and Marketing Department. He previously held senior roles at Man Group Japan, UBS (Capital Introduction, New York and Tokyo), and Merrill Lynch Japan, and began his career as a Proprietary Equity Trader at Daiwa Securities. Mr. Fukushima earned a Bachelor of Engineering in Structural Mechanics from Chiba University.

Strengthening Mesirow’s commitment to Japan and the Asia‑Pacific region
The addition of the Tokyo office and these two senior leaders reflects Mesirow’s ongoing strategic plan to deepen its global relationships and better support institutional investors in Japan. Mesirow’s Capital Formation and Currency Solutions team partners with clients to provide access to alternative investment strategies—across Private Equity, Alternative Credit, Institutional Real Estate Direct, and Currency.¹

Mesirow’s Private Capital² and Currency businesses have $224.9 billion in assets under management as of December 31, 2025.³ Learn more at mesirow.com/capital-formation-currency-solutions

About Mesirow 
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture.

Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms. To learn more, visit mesirow.com, follow us on LinkedIn and subscribe to Spark, our quarterly newsletter.

Media
mediainquiries@mesirow.com
Michael Herley | +1.203.308.1409

Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2026, Mesirow Financial Holdings, Inc. All rights reserved. Investment management services provided through Mesirow Financial Investment Management, Inc., Mesirow Institutional Investment Management, Inc. and Mesirow Financial Private Equity Advisors, Inc., all SEC-registered investment advisor, a CFTC registered commodity trading advisors and member of the NFA, or Mesirow Financial International UK, Ltd. (“MFIUK”), authorized and regulated by the FCA, depending on the jurisdiction.

Award recognition disclosures: mesirow.com/award-recognition-disclosures

1. Mesirow is in the process of obtaining the necessary licenses from the Financial Services Agency. 2. Private Capital businesses are Mesirow Alternative Credit, Mesirow Private Equity, and Institutional Real Estate Direct. 3. Alternative Credit assets under management are as of 12.31.2025 and include regulatory assets under management (gross asset value plus unfunded commitments). Some assets under advisement (“AUA”) are on a 45-to-90-day lag due to time needed to confirm away assets. | Private Equity assets under management are as of 9.30.2025 and are calculated by adding uncalled commitments and net asset value as of a period end. The most recent data is preliminary and estimated. | Real Estate assets under management are as of 12.31.2025 and include regulatory assets under management (gross asset value plus unfunded commitments). | Currency assets under management includes AUM associated with (i) active and passive currency risk management products $214.27 billion, (ii) non-fx overlay strategies such as equitization and beta overlays $1.09 billion, and (iii) alpha strategies $1.76 billion. In all such cases, AUM is calculated based on notional value of currency investments. Additionally, AUM for alpha strategies is adjusted because clients can select a volatility target (generally between 2% and 12% annualized), which is normalized to 2% in order to create a consistent depiction of alpha strategy AUM. This results in a “scaled” AUM, which is higher than the actual aggregate notional value of all alpha strategy portfolios if clients have selected a volatility target higher than 2%. As of 12.31.2025, the “unscaled” AUM for alpha strategies was $409.57 million.

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With innovative solutions to some of the world’s most urgent challenges,
three social entrepreneurs are building a better future for all

WASHINGTON, April 7, 2026 /PRNewswire/ — Today, the Skoll Foundation announced the three organizations that will receive the 2026 Skoll Award for Social Innovation: ChildLife Foundation, SmartStart, and Indus Action. The $2 million award provides unrestricted support to nonprofit organizations with a proven track record of advancing transformational social change on intractable global issues.

Through innovative public-private partnerships, thoughtful community integration, and systems-level thinking, the 2026 award winners are driving measurable progress on child health in Pakistan, early learning and development in South Africa, and civic technology and public benefits access in India. Together, these remarkable organizations are advancing a sustainable world of peace and prosperity for all.

The Foundation will present the awards and celebrate the leaders of each recipient organization during the 23rd annual Skoll World Forum, held April 21–24 in Oxford, U.K. and online. The Awards Ceremony will take place Thursday, April 23, from 5:00–6:30 p.m. BST at the New Theatre in Oxford and via livestream. Click here to register to attend the Forum online, or email press@skoll.org to request a press pass to attend the Forum in person.

“This year’s winners of the Skoll Award for Social Innovation prove that when bold, creative leaders set their sights on a problem, their resolve and commitment lead to global systems change. Through innovative partnerships with affected communities and cross-sector collaboration, they are driving impact and lasting change in the fields of health, education, and public benefits,” said Marla Blow, CEO & President of the Skoll Foundation. “Even in the face of profound shocks to the social impact space, these organizations are not simply maintaining their impact; they are increasing it exponentially. We hope their stories will inspire other social entrepreneurs to continue their pursuit of transformational change.”

More details about the 2026 recipients of the Skoll Award for Social Innovation:

ChildLife Foundation

Pakistan faces one of the highest child mortality rates in the world, with nearly 1,000 children dying every day from treatable conditions like pneumonia. ChildLife Foundation works to prevent those deaths by strengthening Pakistan’s struggling pediatric emergency care system. It partners with government to rehabilitate and manage pediatric ERs within public hospitals, delivering world-class care through modern facilities and equipment, efficient systems and well-trained teams. Additionally, ChildLife Foundation’s 24/7 telemedicine network links over 300 district hospitals to pediatric specialists, covering 90 percent of the population. This system has achieved a tenfold reduction in child mortality in the ERs ChildLife manages. By building government doctors’ capacity and scaling to 40 modernized ERs and more than 400 telemedicine sites, the organization hopes to deliver life-saving care to 20 million children each year.

Watch ChildLife’s story.

Indus Action

India spends $150 billion annually on more than 5,000 social protection programs, yet complex processes prevent nearly 800 million citizens from accessing the benefits they are entitled to receive. An estimated 25 percent of legislated benefits — including those for students, workers and new mothers — never reach their intended recipients, trapping millions in cycles of poverty. Indus Action bridges this gap through a three-pronged approach: building government delivery capacity; leveraging technology to design open-source, citizen-centric solutions; and using research to improve benefit-delivery systems. By engaging both citizens and state agencies, Indus Action is transforming constitutional commitments into impact by ensuring vulnerable Indians can access education, health care and financial programs that provide pathways out of poverty. By 2030, the organization aims to seamlessly connect 30 million citizens to all the benefits for which they are eligible. 

Watch Indus Action’s story.

SmartStart

High-quality early childhood care and education boosts child outcomes, creates new jobs and enables parents to work. Yet in South Africa, over one million 3- to 5-year-olds don’t have access, perpetuating the economic exclusion of poor communities. SmartStart‘s model enables underemployed community members to convert their homes and community spaces into licensed early learning enterprises for excluded children. By combining training, materials, coaching, compliance support and peer networks, SmartStart’s social franchise model makes quality early learning affordable, accessible and community-owned. At the same time, the model unlocks stable, dignified livelihood opportunities for thousands of microentrepreneurs. Through deep collaboration with government and other partners, SmartStart has grown into South Africa’s leading early learning network, with 15,000 programs currently reaching 160,000 children per week. The organization is now building the systems, capabilities and partnerships to grow its impact beyond its direct delivery footprint and reach 1 million children by 2030. 

Watch SmartStart’s story.

About the Skoll Foundation: The Skoll Foundation catalyzes transformational social change by investing in, connecting and championing social entrepreneurs and other innovators who support them who are advancing bold, systemic solutions to the world’s most pressing problems. In 2025, the Skoll Foundation directed nearly 80 percent of its funding in support of global social entrepreneurship, with 55 percent directly reaching its community of Skoll Awardees and other social entrepreneurs.

Video – https://www.youtube.com/watch?v=BDSoQd5kiTM 

• DXC adopts ServiceNow’s Core Business Suite as Customer Zero, activating agentic AI across core business functions for a Global Business Services-led transformation
• The partnership combines DXC’s transformation expertise with the ServiceNow AI Platform to power smarter, more resilient operations across the enterprise
• DXC will enable customers to replicate these transformation outcomes at scale

ASHBURN, Va., April 7, 2026 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, and ServiceNow, the AI control tower for business reinvention, today announced a new, multi-year agreement to modernize core enterprise operations and put AI to work at scale. The partnership combines DXC’s enterprise optimization expertise with the ServiceNow AI Platform to move from AI experimentation to execution across complex, multivendor environments, while accelerating delivery timelines, reducing manual effort, and improving service quality across core business functions.

DXC Partners with ServiceNow on a New Wave of AI-first Enterprise Transformation

As Customer Zero for ServiceNow’s Core Business Suite, DXC will be the first global enterprise to deploy the new agentic AI capabilities for their Global Business Services model. DXC will work with ServiceNow across key functions using AI-driven automation and agentic workflows to reduce manual work, improve cross-functional visibility and streamline processes to enhance speed, consistency and quality. This approach creates a library of repeatable, validated AI use cases and proven automation patterns that DXC will package and deliver to customers globally, enabling similar transformational experiences with faster time-to-value.

DXC will leverage ServiceNow’s agentic AI capabilities to create a unified enterprise experience across critical business services globally. By embedding AI-driven workflows across the enterprise, DXC will automate high-volume processes, improve operational efficiency, and accelerate decision-making at scale. Digital agents can continuously monitor activity, surface real-time insights, and proactively resolve issues, reducing manual effort while enabling teams to focus more on analysis, innovation, and higher-value work.

Through the adoption of the Core Business Suite, DXC is adopting an advanced organizational Global Business Services model that consolidates historically siloed back-office functions into a centralized support structure that operates globally across regions and functions. The partnership positions DXC as an early validator of Core Business Suite’s AI-powered capabilities, scaling solutions internally before delivering them as market-ready client offerings. 

This expanded collaboration builds on DXC’s 17‑year partnership with ServiceNow and deepens the work of their joint AI Innovation Center of Excellence (CoE), established in 2024 to accelerate AI‑driven business transformation. The CoE applies a proven AI blueprint methodology rooted in industrialized AI assets, accelerators and execution frameworks. Together, the two companies help customers accelerate agentic AI capabilities, optimize existing technology investments and address complex, multivendor operational challenges with governed, human‑centered AI. DXC’s teams of AI architects, automation engineers and adoption specialists work directly with customers to prioritize high‑impact use cases and deploy AI responsibly, reliably and at scale.

As an Elite ServiceNow Partner, DXC has delivered business innovation and AI-enabled ServiceNow solutions for customers globally. With more than 1,800 ServiceNow expert consultants, DXC helps customers around the world streamline AI adoption and maximize the value of their ServiceNow investments. To learn more about DXC and ServiceNow’s partnership, visit www.dxc.com/servicenow.

About DXC Technology 

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world’s most complex technology estates. Learn more on dxc.com.

ServiceNow, the ServiceNow logo, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

MIAMI, April 7, 2026 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that Brian Schwartz, a longstanding member of H.I.G.’s leadership team and the firm’s Co-President, has been appointed Chief Executive Officer. Mr. Schwartz succeeds Co-Founder Sami Mnaymneh, who will transition to Executive Chairman alongside fellow Co-Founder Tony Tamer. As Executive Chairman, Mr. Mnaymneh will remain actively involved in the firm and continue to serve on the firm’s investment committees and support the firm’s strategic direction.

In addition, Doug Berman, Head of U.S. Private Equity, has been promoted to Co-President, serving alongside current Co-President, Rick Rosen. The promotions reflect H.I.G.’s continued evolution as a scaled global alternative assets platform and position the firm for its next phase of growth.

Since founding H.I.G. in 1993, Mr. Mnaymneh and Mr. Tamer have guided the firm’s expansion into a global platform spanning private equity, credit, and real assets, including real estate and infrastructure. Under their leadership, H.I.G. has grown to over 1,000 team members in 18 core offices across nine countries and executed more than 3,500 transactions.

“For more than three decades, H.I.G. has built a leading position in the middle market, combining global reach with an operational approach to value creation that has delivered exceptional results for our investors,” said Mr. Mnaymneh. “The firm has reached a scale and depth of leadership where this transition is both natural and strategically important. Brian has been instrumental to our success and a key driver of the firm’s growth and evolution. I am confident that under his leadership, H.I.G. is very well positioned to further build on its middle market leadership position. I look forward to working with him as the firm builds on its strong foundation.”

Mr. Schwartz joined H.I.G. in 1994 and has held a range of senior leadership roles. He has been a key architect of the firm’s evolution, helping to scale H.I.G. into a global, multi-strategy platform. As Co-President for over the past six years, Mr. Schwartz oversaw day-to-day operations and served on the investment committees for all H.I.G. funds, working closely with the firm’s Co-Founders and Mr. Rosen to drive firmwide growth and strategic initiatives.

“It is an honor to step into the role of CEO and to lead H.I.G. at this important point in its evolution,” said Mr. Schwartz. “I am deeply grateful to Sami and Tony for building a firm defined by disciplined investing, operational focus, and a strong culture. With our differentiated platform and experienced team, we are well positioned to capitalize on opportunities and continue delivering strong outcomes for our investors.”

Mr. Berman, who is being promoted to Co-President, joined H.I.G. in 1996. He currently serves on the firm’s executive committee and has led H.I.G.’s U.S. Private Equity business through a period of significant growth, expanding the firm’s middle-market private equity platform and investment offerings. As Co-President, he will help drive firmwide investment strategy and operational execution alongside Mr. Rosen.

“Having led our U.S. Private Equity business, I’ve spent my time focused on investing, building businesses, and working closely with management teams,” said Mr. Berman. “In this role, my priority is to ensure we stay disciplined in how we invest, stay close to our portfolio companies, and continue to execute at a high level across the firm. I look forward to partnering with Brian and Rick as we continue to execute on the opportunities we see in our markets.“

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $74 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:
Media Relations
media@hig.com

H.I.G. Capital
1450 Brickell Ave
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Miami, FL 33131
P: 305.379.2322
hig.com

Combined capabilities of Infosys Topaz, Infosys Cobalt, and Harness AI to help accelerate productivity, improve reliability, and scale AI adoption

BENGALURU, India, April 7, 2026 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, and Harness, the AI Software Delivery Platform™ company, today announced a strategic collaboration to accelerate agentic AI-led software delivery transformation for enterprises globally.

This collaboration aligns the combined capabilities of Infosys Topaz Fabric and Infosys Cobalt, with the Harness Software Delivery Platform to drive improvements in productivity, software engineering, AI governance, and time-to-market at scale. Infosys Topaz Fabric is a purpose-built agentic services suite – a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable, agent-ready ecosystem.

Engineering teams often spend a majority of their time on downstream activities, such as testing, deployment, security, governance, reliability, and cost optimization, relying on manual and fragmented processes that slow releases and increase operational risk. Infosys and Harness aim to address these challenges by standardizing and automating the end-to-end path from code to production by applying AI to everything after code across the software delivery lifecycle. The collaboration brings context-aware intelligence and automation into software delivery.

Together, Infosys and Harness will offer integrated solutions designed to support large–scale modernization and transformation programs, with a focus on complex, high–scale, and regulated environments.

Harness’ delivery intelligence is grounded in real-world signals, helping enterprises apply AI in a safer, more governed, and auditable manner. When integrated with Infosys Cobalt cloud offerings, these capabilities are designed to support consistent deployment across hybrid and multi–cloud environments.

Salil Parekh, Chief Executive Officer, Infosys, said, “As AI accelerates change, enterprises need delivery systems that are faster, more reliable, and governed by design. Our collaboration with Harness combines Infosys Topaz and Infosys Cobalt offerings to help clients unlock AI value and translate their AI ambition into scalable, reliable execution – with trust and governance built in. Together, we are enabling a more disciplined path from innovation to production, embedding security, compliance, and resilience into how software is delivered across complex environments. This is an important step in helping enterprises adopt AI responsibly, accelerate outcomes, and sustain long–term advantage.”

Jyoti Bansal, Co-founder and Chief Executive Officer, Harness, said, “As AI accelerates code generation, the real challenge for enterprises is ensuring that innovation reaches production safely and efficiently. This creates what we call the AI Velocity Paradox: development speeds up, but downstream processes like testing, security, compliance, and deployment struggle to keep pace – introducing new risk and complexity. By bringing Harness’s intelligent delivery platform together with Infosys’ deep enterprise expertise, we’re helping organizations deliver AI-driven software innovation with greater speed, predictability, and control.”

About Harness

Harness is the AI Software Delivery Platform™ company, enabling engineering teams to build, test, and deliver software faster and more securely. Powered by Harness AI and the Software Delivery Knowledge Graph, the platform brings intelligent automation to every stage of the software delivery lifecycle after code—removing toil and freeing developers from manual, repetitive work. Companies like United Airlines, Morningstar, and Choice Hotels use Harness to accelerate releases by up to 75%, cut cloud costs by 60%, and achieve 10x efficiency across DevOps. Based in San Francisco, Harness is backed by Goldman Sachs, Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 330,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 63 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, 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 or outcomes 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 the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence (“AI”), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. 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.

Contract Exceeding SGD $5 Million Strengthens Recurring Revenue and Diversifies IFM Client Portfolio

SINGAPORE, April 7, 2026 /PRNewswire/ — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that its IFM subsidiary, Hong Ye Group Pte. Ltd., has been awarded a contract for high-level cleaning services with a major state-owned transportation authority in Singapore, commencing April 1, 2026. The contract’s option to extend at the client’s discretion brings the potential total value to more than SGD $5 million, enhancing the stability and visibility of YY Group’s recurring service revenues.

This contract win represents a significant milestone in YY Group’s growth and sector diversification strategy, marking an expansion into Singapore’s public transportation infrastructure sector and underscoring the Company’s ability to meet the rigorous operational, safety, and compliance standards required by entities managing critical national infrastructure. It also further broadens the Company’s client and revenue base, adding public transportation to an existing IFM customer portfolio spanning hotels, shopping malls, hospitals, commercial office buildings, and financial institutions.

Mike Fu, Group Chief Executive Officer of YY Group, commented, “Securing this long-term contract with a major state-owned transportation authority is a powerful validation of YY Group’s service capabilities and opens a significant new growth vertical for our IFM business. This win reflects a return on the operational investments and strategic acquisitions we made in 2025, which have transformed our platform and positioned us to compete for larger, longer-duration contracts. The contract provides meaningful long-term revenue visibility and supports our broader strategy of building a diversified, recurring revenue base. As Singapore continues to invest in expanding and maintaining its world-class public infrastructure, we are well-equipped to deliver the required high standards of facility maintenance, reinforcing our leadership in Singapore’s IFM industry.”

Under this engagement, Hong Ye Group will deliver specialized high-level cleaning services across a comprehensive network of elevated and underground rail stations, as well as multiple train depots. The scope of work encompasses station infrastructure spanning several major rail lines and light rail systems operated by one of Singapore’s largest public transport operators. Hong Ye Group has already begun mobilizing dedicated teams, operational workflows, and workforce management technologies to ensure seamless service delivery from the contract’s commencement.

The addition of this contract further strengthens YY Group’s position at the forefront of Singapore’s high-potential IFM landscape. The Company will continue pursuing opportunities in both established and emerging market segments as part of its broader strategy to diversify and scale across sectors, deepen client relationships, and build long-term recurring revenue streams.

About YY Group Holding Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, AI-powered workforce solutions and integrated facility management (IFM) provider operating across Asia and beyond. The Company’s intelligent workforce solutions platform, YY Circle, helps clients across hospitality, food and beverage, retail, and other service sectors predict, plan and optimize workforce deployment. In YY Group’s IFM business, its 24IFM software platform and comprehensive IFM subsidiary portfolio support clients across hospitality, transportation, banking, retail and mixed-use facilities.

As both business lines scale, the Company is systematically embedding AI and automation capabilities to improve service quality, reduce deployment costs, and drive long-term margin expansion.

Listed on the Nasdaq Capital Market, YY Group is committed to platform innovation, measurable client outcomes, and long-term value creation.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Jason Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com