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Infrasoft ties up with Australian financial solutions firm

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CIOL Bureau
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Nanda Kasabe & Rashida Bakait

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MUMBAI: Infrasoft has partnered with CCK Financial Solutions company -a two

decade- old company based in Australia. Infrasoft provides banking products and

e-commerce solutions to the financial institutions, insurance companies and

banks, while CCK is a major player in banking solutions in Australia.






Infrasoft managing director Hanuman Tripathi said that the tie up would bring
mutual benefit to both partners as Infrasoft would be able to use their banking

product called `Guava' boasting of treasury solutions along with their own

product- Omni Banking 2.0 to provide enterprise banking solutions.






The partnership would include marketing and support of the Australian company's
banking products in India as well as other countries and regions where CCK

doesn't have the presence. Infrasoft would work towards providing market and

support to the CCK's products in UK,US and APAC. "We will not just sell the

product but will be working with them to enhance it not only for the Indian

market but for these regions as well," he explained.







The present product, which is based on a centralized banking architecture, will
be clubbed along with the original product of Infra Soft and will be known by

its original name Omni Banking 2.0. This is expected to hit the market in

another three months.

As a part of their expansion plans Infrasoft is looking at serious

partnerships to form ODCs in UK, to serve the European market, Singapore to look

after the Asian market and Canada to gain access to the Northern American

markets. In order to develop activities here, the company is planning to invest

around Rs 25 crore - Rs 30 crore. "These places will act as a satellite

ODCs while the main ODC will be located in India'', elaborated Tripathi.






The company to aims at becoming a company of 400 professionals by the year
2003-2004.



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