Infosys Technologies Named "Best Outsourcing Partner" in Survey by Prominent Financial Services Publication
Waters' Readers Identify Company's Substantial Growth and Services as Drivers for Progress
Bangalore, India, July 3, 2007: Infosys Technologies Limited (NASDAQ: INFY), a world leader in consulting and information technology (IT) services, today announced its selection as "Best Outsourcing Partner" by the readers of Waters, the leading publication covering the needs of chief information officers in today's global capital market firms. Waters Rankings recognizes the outstanding achievements of solutions providers that help financial institutions generate revenue and service their clients efficiently.
"Like other companies selected in Waters Rankings, Infosys Technologies has demonstrated a strong understanding of the particular business challenges facing financial services firms," said Ben Ray, group publisher of Waters and other financial IT titles at Incisive Media. "Our readers have a clear idea when they must choose the best outsourcing partner in a crowded and highly respected field. Infosys leads the way in the outsourcing space for financial service firms on Wall Street and The City."
Infosys was named the Best Outsourcing Partner over nine competitors and by a margin of more than double to the closest competitor in the survey. In May, the editors of Waters invited the publication's readers, financial technology professionals, to vote for the best hardware, software, financial service vendors and trading venues in the industry across twenty-two different categories. Nearly 600 individuals voted for the 2007 Rankings.
"Being selected as the Best Outsourcing Partner by the discerning readers of Waters is recognition of our hard work, innovation and ingenuity," said Ashok Vemuri, senior vice president and head, Banking and Capital Markets, Infosys Technologies Limited. "Infosys has been growing rapidly, and we've bolstered our services ranging from wealth management and integrated risk and compliance to consumer lending and data integration. This designation from the readers of Waters is testament to our business consulting and domain expertise in the financial services industry."
For more information about Infosys' Banking & Capital Markets Group, please visit: http://www.infosys.com/industries/banking/default.asp