Finacle from Infosys Positioned in the Leaders Quadrant in the Magic Quadrant for International Retail Core Banking Solutions

Finacle from Infosys, today announced that Gartner, Inc. has
positioned Finacle core banking solution in the Leader Quadrant in the
recently released 'Magic Quadrant for International Retail Core
Banking (IRCB) 2006' report.

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. Magic Quadrant for
IRCB assesses the impact of transition and volatility in the market,
vendor consolidation trend, and a technology evolution that promises
to enhance business agility on key international vendors and their
products that serve this market.

According to 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, and have extensive
marketing delivery and sales channels. Leaders also share conspicuous
operational organization approaches that are relevant to the business
and a willingness to extend resources to ensure a successful customer
experience."

"We believe our position in the Leaders quadrant in the Gartner
Magic Quadrant is another key milestone that unambiguously reinforces
Finacle's leadership of the retail core banking solution space.
Finacle's strategic approach and execution capabilities have always
been globally recognized and we believe this analysis from Gartner
once again demonstrates our differentiating strengths. We also believe
that this reinforces the confidence reposed in us by leading banks
across the world who have successfully leveraged Finacle to
differentiate and lead in this competitive marketplace," said Merwin
Fernandes, Vice President and Business Head - Finacle, Infosys
Technologies.

Vendor qualification for inclusion in the 2006 IRCB Magic Quadrant
was centered on market-established players and some relatively new
entrants that show strong promise. The evaluation began with 31
candidates for the IRCB Magic Quadrant for 2006 and resulted in a
qualified group of 18 combinations of vendors and products that
represent the major movers in retail core banking systems. The
selection criteria served to cull vendor products that possessed
sufficient market traction and momentum, supported basic retail
functionality and international support, and provided evidence of
short-term viability.

Source: Gartner, Inc. "Magic Quadrant for International Retail
Core Banking, 2006" Don Free, 25 January 2007

The Magic Quadrant is copyrighted 25 January 2007 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 69,000 employees in over 39 offices worldwide. Infosys is
part of the NASDAQ-100 Index. For more information, visit
www.infosys.com

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