Month: February 2009

Bangalore, Muscat, 17 February 2009 Infosys Technologies Ltd has announced that BankDhofar has selected Finacle Universal Banking Solution from Infosys for its transformation initiative. Infosys will implement Finacle core banking, Customer Relationship Management (CRM), treasury, e-banking and mobile banking solutions for the bank’s operations.

BankDhofar has embarked on a transformation journey to fuel its growth plans for the future. To fulfill this objective, the bank intends to leverage best-in-class banking practices on a new age technology platform to gain a competitive edge in a demanding market.

“We chose Finacle, a new generation solution ensuring the lowest risk to the bank in this strategic venture. We are confident that our partnership with Infosys Finacle will support the bank’s future growth plans and provide our customers with a world-class banking experience.” said, Kris Babicci, CEO, BankDhofar.

Finacle will play the critical role of transformation platform to help the bank streamline operational efficiencies and enhance customer service. Leveraging Finacle the bank will be able to seamlessly integrate its services across channels and provide customers innovative products with faster turn-around time and reduced total cost of ownership.

According to Sanat Rao, Vice President and Global Head Sales – Finacle, Infosys Technologies Ltd, “Our partnership with BankDhofar reinforces our position as a preferred transformation partner for banks in the region. Middle East is a region of key focus for us and we continue to be committed to the needs of the market. We look forward to closely working with BankDhofar, helping them to harness the power and flexibility of Finacle for business transformation.”

As a leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner, Forrester and Celent. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for ‘Innovative Use of IT’.

About BankDhofar

With assets worth over R.O. 1 billion BankDhofar (SAOG) is one of the fastest growing Banks in The Sultanate of Oman, with a strong presence in Corporate Banking and Consumer Banking, Treasury and Project Finance. The Bank has a network of 52 branches and 94 ATMs. BankDhofar has a reputation of commitment, foresight and solid growth.

About Finacle Universal Banking Solution

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. For more information, visit www.edgeverve.com/finacle.

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com

Infosys Technologies Ltd – Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

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Bangalore, London, New York, February 4^th, 2009: Infosys Technologies announced that Finacle from Infosys was named a leader in the January 2009 report, “The Forrester Wave: Global Banking Platforms, Q1 2009”. Infosys Finacle scored highest on criteria of current offering as well as corporate and product strategy.
In this report, Forrester selected vendors according to scope, global success, and relevance. These were short-listed through a rigorous multi-criteria selection process that included an in-depth appraisal of their coverage of the Forrester banking functions map, next-generational architecture approach, success in 2007, global delivery capability and mindshare among the Forrester client base.

According to the report by Jost Hoppermann, Vice President, Forrester, ‘Infosys earned top scores for current offering and strategy in this edition of Forrester’s Wave evaluation of global banking platforms. One of the reasons is Infosys’ strong architecture focus as well as its overhaul of the banking platform that touched many areas of Finacle. Infosys with Finacle scores highest on architecture and highly on flexibility.’

Finacle from Infosys ranked number 1 in Overall Strategy and earned the top score for its Current Offering. Finacle also received the highest scores for product strategy and is one of the best positioned organizations to deliver agile banking platforms.

Haragopal M, Head – Finacle, Infosys Technologies Ltd, said: ‘We are pleased to accept this recognition. Our position as a leader in the Forrester Wave reflects Finacle’s proven strengths – focused strategy, a comprehensive universal banking solution with scalable, flexible and open services based architecture, and new generation technology. The report findings further recognize Finacle’s expertise in addressing requirements of large banks across the globe.’
The report evaluated the vendors across 108 criteria grouped into three key result areas – Strategy, Market Presence and Current Offering. The report states, “On a more detailed level, strong points are functional composition, process execution, and integration. Infosys is one of the two vendors with the highest score on data and information management approaches and also shows the highest scores for multichannel enablement as well as deployment and operations.”

About Finacle Universal Banking Solution

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. For more information, visit Finacal. www.edgeverve.com/fnacle.

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 80,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.

Infosys Technologies Ltd – Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

Press Contact

For further information, please contact: