Infosys best outsourcing partner in Waters Rankings

India’s own leader in consulting and information technology (IT) services, Infosys Technologies, has been picked as the best outsourcing partner by the readers of Waters, the leading publication covering the needs of CEOs in today’s global capital market firms.

The Waters Rankings recognizes the outstanding achievements of solution providers that help financial institutions generate revenue and service their clients efficiently. The Waters magazine reports and analyzes the business reasons for and practical implementation of financial technology in the capital markets and securities industry.

Since its launch in 1993, CIOs, CTOs and securities industry professionals worldwide have relied on the magazine for its focused, in-depth coverage surrounding the confluence of business and technology in market data, trading and risk technology and infrastructure, as well as the human issues of talent management, staff retention and compensation within the financial services community.

“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 2007, 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.”

The company, which designs and delivers IT-enabled business solutions for Global 2000 companies, focuses on providing strategic differentiation and
operational superiority to clients.