Infy embarks on an African safari

BANGALORE: Infosys Technologies has stuck an alliance with Comparex Africa (Pty) Ltd to market the former’s flagship banking software solution, Finacle in the Southern Africa region. Finacle has over 93 customers across 27 countries and is part of financial services vertical, which accounts more than a third of Infosys’ last year revenue of $753 million. The software bellwether is to report its last quarter and full year ended March 31^st 2004 financial results on April 13^th 2004.

Comparex would be Infosys’ Business Alliance Partner for sales and services related to Finacle in South Africa, Namibia, Swaziland, Mozambique, Lesotho and Malawi. Comparex will also provide post-sales support for Finacle customers in the region.

The partnership is targeting retail banks, wholesale banks and universal banks in the region to offer new generation, flexible, scalable and integrated-yet-modular solutions in core banking, e-banking, web based cash management, treasury, trade finance and alerts.

John Lagaay, Group Executive of Comparex Africa, said, "We view this alliance as strategic to our plans in the banking space in the region. We are confident that the addition of Finacle to our portfolio of banking solutions will enable us to address the needs of our banking clients end-to-end."

Merwin Fernandes, Vice President and Global Head- Sales and Marketing,

Banking Business Unit, Infosys Technologies, added, "We view South Africa as a strategic market in this space. We are excited with this opportunity and truly believe that together with Comparex we can make a difference to the banks in the region."

CIOL Bureau