MEDIA RELEASE PR35395
Finacle from Infosys Positioned in Leaders Quadrant in Magic Quadrant for
International Retail Core Banking 2009
BANGALORE, NEW YORK and LONDON, July 15 / PRNewswire-AsiaNet / -
Infosys today announced that Gartner, Inc. has positioned
Finacle(TM) core banking solution in the Leaders Quadrant of the recently
released 'Magic Quadrant for International Retail Core Banking (IRCB)'
report. (1)
The Gartner Magic Quadrant IRCB report "Assesses the
suitability of core banking system providers and their product offerings to
address the impact of these and other trends in the IRCB market."
As per Gartner, "Leaders are vendors that possess a strong
banking market understanding, have a measurable strategy for disaggregating
core banking software functionality into component based constructs, exhibit
highly developed and certified development and delivery of quality
methodologies or are executing on a strategic road map to attain
certification. Some higher-rated vendors share conspicuous operational
organization approaches that are relevant to the business and show a clear
willingness to own and be accountable for a successful customer experience."
Haragopal M, Global Head - Finacle, Infosys Technologies Ltd.,
said, "We believe our position in the Leaders quadrant is testimony to our
strong commitment to the retail banking industry. Our end-to-end
transformational approach, strong focus on process and quality methodologies,
and comprehensive product functionality enable banks to achieve their future
development and growth strategies. Leading banks across the world have chosen
Finacle to fuel their business transformation initiatives and we believe this
report by Gartner further reiterates our differentiating strengths."
Magic Quadrants depict markets using a two dimensional matrix
that evaluates vendors based on their completeness of vision and ability to
execute. The evaluation began with 39 candidates for the IRCB Magic Quadrant
for 2009 and resulted in a qualified group of 23 combinations of vendors and
products that represent the major movers in retail core banking systems.
As a leader in banking transformation, Finacle(TM) has a global
footprint across 62 countries and has been acknowledged among the leaders in
the core banking solution space by top analysts. Finacle(TM) 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'.
(1) Gartner, Inc. "Magic Quadrant for International Retail Core
Banking" by Don Free, July 8, 2009
About the Magic Quadrant
Disclaimer for any mention:
The Gartner Magic Quadrant is copyrighted 2009 by Gartner,
Inc., and is reused with permission. The Magic Quadrant is a graphical
representation of a marketplace at and for a specific time period. It depicts
Gartner's analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any vendor,
product or service depicted in the Magic Quadrant, and does not advise
technology users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool, and is
not meant to be a specific guide to action. Gartner disclaims all warranties,
express or implied, with respect to this research, including any warranties
of merchantability or fitness for a particular purpose.
About Finacle(TM) Universal Banking Solution
Finacle(TM) from Infosys helps banks win in the flat world by
providing solutions and services that enable a shift in their strategic and
operational priorities. The offerings address the comprehensive
technology-led business transformation requirements of retail, corporate and
universal banks worldwide by maximizing their opportunities for growth, while
minimizing the risks that come with such large scale transformation. For more
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 104,000 employees in over 50 offices worldwide. Infosys is part of the
NASDAQ-100 Index and The Global Dow. For more information, visit
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 2009 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.
For more information please contact:
Infosys Press Office -
Bangalore
Sujeet Pramanik
Infosys Technologies Limited
+91-80-4105-7551
sujeet_pramanik@infosys.com
Infosys Press Office - New York
Daylan Burlison
Infosys Technologies Ltd
+1-510-565-8558
Daylan_Burlison@infosys.com
Infosys Press Office - London
Shamima Begum
Golin Harris
+44(0)20-7067-0469
sbegum@golinharris.com
Source: Infosys Technologies Ltd.
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