Infosys, PROG Holdings announce collaboration

PROG Holdings (PRG) and Infosys (INFY) announced an agreement that is expected to evolve and scale PROG Holdings’ technology operations as an integral part of the company’s ongoing cloud- and AI-focused technology modernization and innovation efforts. The collaboration will enable PROG Holdings to take advantage of Infosys’ digital services, including cutting-edge technologies, which PROG Holdings believes will help it realize operational efficiencies, accelerate technology enhancements, and improve speed to market. The relationship is also expected to enhance and innovate key PROG Holdings’ customer-and partner-facing technologies and systems, helping to widen its leadership gap within the virtual lease-to-own market.