Business: Infosys integrates relativity technologies

Infosys integrates relativity technologies into its modernization methodology Integration of the modernization workbench platform and Infosys' InFlux accelerates the realignment of clients' business processes to support strategic needs

Raleigh, North Carolina (BUSINESS WIRE) - Today's `flat world' mandates that organizations can quickly reconfigure their operational processes to address emerging business needs. But when these processes are misaligned with the applications that automate them, efficiency and flexibility are compromised -- and market opportunities are lost.

Relativity Technologies, Inc., the global leader in Enterprise Application Modernization, is working with Infosys Technologies Limited to address this challenge. Through this collaboration, Relativity Technologies' Modernization Workbench platform integrates with the Infosys InFlux methodology. This ensures that clients' business processes can be efficiently realigned with strategic imperatives - delivering more agile applications with less cost and risk.

Highlights of the agreement include: Accelerated Business Process Discovery: Infosys will deploy the platform at its dedicated modernization centers to automate the discovery and disaggregation of clients' existing business processes. The resulting repository of process models ensures that clients' operations are thoroughly understood and leveraged in any modernization initiative.

Integration with InFlux: Infosys has relied on the InFlux framework to define and execute application modernization engagements.

Through the integration announced today, business processes in clients' applications will be uncovered and modeled by the Modernization Workbench, and then seamlessly passed to InFlux. These models can be efficiently refined and redeveloped within InFlux to yield applications that better support clients' operations.

"To realign operations to meet your strategic goals, you must first understand and model current business processes," said Subu Goparaju, VP and Head of SETLabswith Infosys.

"We selected the Modernization Workbench because of its ability to accelerate the understanding of clients' business processes encapsulated in legacy systems - a fact validated at our own concept centers. Our joint R&D and integration effort allows Infosys to offer high value solutions to our clients such as our legacy modernization solution, part of Catalytic IT solution suite."

"We are pleased to partner with Infosys, a recognized pioneer in the delivery of business-centric modernization initiatives," said Steve Maysonave, chairman, president, and CEO of Relativity Technologies.

"Our software platform's unique ability to discover business rules and processes within existing applications enables organizations to adapt to today's hyper-competitive world. The endorsement of the Modernization Workbench and integration with InFlux further demonstrates our technical leadership."

"CIOs must prioritize the modernization of their existing applications to minimize risk and ensure agility," said Dale Vecchio, research vice president at Gartner.

"As they do so, it is critical that they understand the business processes instantiated in these systems and the relationships that exist across applications. Modernizing an application portfolio is inherently related to the underlying infrastructure and this level of understanding is imperative for success."

About Relativity Technologies, Inc.

Relativity Technologies' software aligns business and IT though application modernization. Over 400 organizations?including seven of the ten largest financial services providers?have used the Modernization Workbench platform to govern and modernize their core applications to better address critical business priorities.

The platform delivers this value by enabling organizations to understand, manage, modernize, and maintain applications throughout the enterprise. For more information, please visit www.relativity.com

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 91,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index.

For more information, visit www.infosys.com.

Infosys 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 2008, 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.

India Relativity Technologies Mansoor Ahmed, +91-44-4225-6032 mansoor.ahmed@relativity.com
or US and Europe Relativity Technologies Peter Mollins, +1-919-786-2866 peter.mollins@relativity.com

Technology:: Finacle from Infosys Positioned in leaders quadrant

Finacle from Infosys Positioned in leaders quadrant in magic quadrant for International Retail Core Banking 2008

Bangelore, India & London (BUSINESS WIRE) - Infosys today announced that Gartner, Inc. has positioned Finacle core banking solution in the Leaders Quadrant of the recently released `Magic Quadrant for International Retail Core Banking (IRCB) 2008' report.

(Report available at: http://www.infosys.com/finacle gartner2008.asp).

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."

Moreover, the report "has uncovered the leading strategies of these vendors/products, revealed their underlying product service capabilities and affirmed their relevance to the changing conditions of the banking industry."

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, and most have extensive marketing delivery and sales channels.
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, Business Head - Finacle, Infosys Technologies, said, "We believe Finacle's position in the Leaders quadrant in the Gartner Magic Quadrant and its position as the solution of choice for leading banks across the world are a validation of its market leadership. Finacle's transformational approach, state-of-the-art solution and comprehensive execution capabilities have set new global standards and we believe this report by Gartner further demonstrates 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 Magic Quadrant has 15 weighted criteria that plot vendors based on their relative strengths in the market. The evaluation began with 32 candidates for the IRCB Magic Quadrant for 2008 and resulted in a qualified group of 22 combinations of vendors and products that represent the major movers in retail core banking systems.

Source: Gartner, Inc. April 2008 "Magic Quadrant for International Retail Core Banking, 2008,"

Don Free The Magic Quadrant is copyrighted 2008 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 Universal Banking Solution

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class.

For more information, visit www.infosys.com/finacle

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 80,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index.

For more information, visit www.infosys.com.

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 2007 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.

Infosys Technologies Ltd India Shashwati Bangalore +91 80 4105 7583 Shashwati_Chowdhury@infosys.com or UK Shamima London+44 (0) 207 067 0469 sbegum@golinharris.com