Infosys "Rules the Seas" in the offshoring category of the 2004 Waters ranking
Fremont, CA - August 4, 2004 - Infosys Technologies Ltd (NASDAQ: INFY) today announced that it has been recognized as the "Best Offshoring Partner for 2004" by the Waters 2004 annual readership rankings. Waters is a key industry publication for senior business and technology professionals in the global securities industry.
The editors of Waters invited its readers to vote for the best hardware, software, and financial service vendors, and trading venues in the industry. Infosys was ranked a clear number one in the offshoring category, having received over 45% of the 500 votes; this is more than double the number of votes received by the second ranked company.
"This ranking is another validation that Infosys is at the forefront of driving IT-led change in the financial services industry," said Ashok Vemuri, Head, Financial Services & Insurance, Infosys. "The financial services market is of great importance to Infosys and it is an honor to be ranked number one in a category that is shaping the industry and to be acknowledged by the readership of Waters magazine."
According to Waters, "Over the years, [Infosys] has developed the domain expertise to service the financial services community and offers support for such core business responsibilities as asset management, investment banking, brokerage services, risk management and custody and clearing." Commenting on Infosys' technical capability, Waters says that [Infosys] "has an established track record of knowing when a technology has reached its maturity and is ready to be put into production, and how to design information systems that take advantage of upcoming advancements".
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| View Waters Rankings 2004