Finacle from Infosys Positioned in Leaders Quadrant in Magic Quadrant for International Retail Core Banking 2008

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.

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