Infosys enters Thailand through Partnership with Local Companies
Datamat and Yip In Tsoi and Co to act as channel partners to sell internationally acclaimed FinacleTM suite of solutions
Bangalore, November 29, 2002: Infosys Technologies (NASDAQ:INFY) today announced that it will market its award - winning FinacleTM suite of banking solutions in Thailand. For this purpose, the company has partnered with Thailand's Datamat Ltd and Yip In Tsoi and Co Ltd (YIT), who will act as its channels for sales in the region. Infosys entered into an alliance with Sun Microsystems earlier this year to jointly market its product with Sun's platform, to banks across the world. Banks will have access to best of breed applications built on a scalable and proven platform. Datamat and Yip In Tsoi will represent both Infosys as well as Sun Microsystems in the initial pre - sales stage.
Infosys' FinacleTM suite of banking products include FinacleTM Core Banking - the new generation core banking solution, Finacle TreasuryTM - the end to end treasury solution, Finacle eChannelsTM - the consumer e - banking solution, Finacle eCorporateTM - the comprehensive corporate online banking solution and Finacle CRMTM - the banking specialty CRM solution.
According to Merwin Fernandes, Associate Vice President and Head Global Sales and Marketing, Banking Business Unit, Infosys Technologies, "World over the financial industry is witnessing an IT revolution. Infosys has an excellent suite of world class products under the FinacleTM umbrella, a proven delivery track record and strong relationships with some of the largest financial institutions in the world. By signing a channel partner agreement with Datamat and YIT, Infosys has embarked on a strong marketing strategy for Thailand and I believe this will contribute to gaining a strong foothold in this market."According to Mr. Bhana Swasdibutara, Executive Vice President of Datamat Ltd., "We are pleased to partner with Infosys Technologies. Infosys is a good example of an Asian company that has entered global markets and performed exceedingly well in them. Datamat is in a position to add significant benefit to Infosys as one of its channel partners. We look forward to a long and fruitful relationship with Infosys."
According to Mr. Thienchai Lailert, Managing Director of Yip In Tsoi, "We are excited about partnering with Infosys Technologies. Infosys' range of products for the banking sector has been recognized as some of the world's best. Banks in Thailand have just begun their automation process and we believe Infosys will be able to provide them with the solution they are looking for."