BANGALORE, INDIA: Polaris Financial Technology Ltd., a global Financial Technology company, was awarded the Best Independent Software Vendor (ISV) title in the Middleware segment at the Red Hat APAC Fiscal Year 2012 Partner and Technical Conference held in Macau in October 2011.

Polaris was the only winner in this category and one of two award winners from India.

By partnering with Red Hat, Polaris has been able to effectively cater to price sensitive tier-2 and tier-3 banks on a global scale, said a company release.

The release further added that Red Hat's open source strategy offers Polaris' customers a long-term plan for building their infrastructure without having to worry about license fee payment.

K Srinivasan, EVP & Geography Head, Indian Subcontinent, Middle East, and Africa (IMEA), Polaris Financial Technology Ltd.  said, "This is a testimony to our strong partnership with Red Hat, our deep domain knowledge and Polaris’ ability to consistently deliver the highest quality of service to customers."

"This recognition will further fuel our growing presence in emerging markets and among tier-2 & tier-3 banks globally. With additional wins and recognition to our credit, Polaris is continually establishing its dominance in the Financial Technology space," added Srinivasan.

"It is our pleasure to announce this award to our Middleware ISV partner, Polaris Financial Technology Ltd. Through their commitment to the Red Hat Enterprise Linux platform, Polaris is helping us add significant clients to our portfolio,” said Anuj Kumar, managing director, India Subcontinent, Red Hat India.

Polaris offers solutions for Core Banking, Corporate Banking, Insurance and Wealth & Asset Management.