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Infrasoft Technologies

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InfrasoftTech Accelerates Its Market Expansion in Africa

Addis Ababa, Ethiopia, October 20, 2011 --( InfrasoftTech a prominent banking solution company having global businesses is now firmly footed in African Region with its state-of-the-art software solutions in the space of Core Banking, Microfinance, Islamic Banking & Finance and Anti-Money Laundering & Financial Crime Surveillance Solution.

Africa needs a new generation software platform to be quickly implemented in their banks for integrating fast with the global economies in terms of Corporate Governance & Risk Management, Compliance Standards, New Delivery Channels, Business Intelligence Tools, Data Warehousing Strategies and many other areas. African countries are gaining new investments including FDI which obviously will require their banking systems to become more transparent & strong. Similarly, the retail customer in many countries is increasingly becoming more demanding in banking services.

InfrasoftTech brings to Africa experience that they have gained serving very large banks as well as hundreds of regional banks in diverse markets of UK, India, Africa, Middle East and South East Asian Countries. InfrasoftTech is a recognized leader in Core Banking space in India with 70% market share among regional banks and is globally renowned in Anti Money Laundering Solutions segment with close to 100 Financial Institutions as its users. The company has a reputed name in Islamic Banking Technology space in Middle East. The company now supports 15+ financial institutions in Africa and including multiple entities, InfrasoftTech has 25 customers in Africa.

InfrasoftTech is a 16 year old company and has a rich pedigree of corporate governance, investors, management and processes. The company is invested by world renowned Baring Equity Private Fund and is CMMI Level 5 with many other ISO certifications on the quality side. World leaders in banking technology research like Gartner, Celent, Forrester and IBS Publishing have included InfrasoftTech in there global market reports as a banking solutions vendor of high repute.

Mr. Hanuman Tripathi, Group Managing Director, InfrasoftTech, said “InfrasoftTech presently serves nearly 200 financial institutions across the world partnering growth through our technology solutions. Financial institutions in Africa need experienced and rightly priced vendors, as long terms IT partners who have capability to deliver latest technology, robust solutions and commitment to support growing banks. We are proud that InfrasoftTech meets this benchmark.”

The company today has a sizeable presence in Ethiopia & Kenya in addition to customer relationships in Zimbabwe, South Africa, Ghana and Nigeria as well. InfrasoftTech has made substantial investments in on the ground resources in Africa for market support and customer services. The company has launched a unique training certification program named COPS, for Core Banking know how to be provided to customer bank IT staff as well as partners resources. This mechanism ensures that the customer builds a higher confidence in the new solutions transitioning and also reduces customers cost of support over a period of time. As a result of consistent investment, InfrasoftTech has gained trust of many important banks within Africa such as Wegagen Bank, Co-operative Bank of Oromia, Oromia International Bank, Oromia Credit & Savings Share Company, Standard Bank of South Africa, Giro Bank, Lagoon Home Savings, Wisdom, Co-operative Bank of Kenya, Transnational Bank. InfrasoftTech is now expanding its footprint building new partners & alliances all over Africa.

About InfrasoftTech
InfrasoftTech is a specialist software products, solutions and services provider with a focus on global banking and financial services sector. For 16 years, InfrasoftTech has been bringing about transformational change in the business models and growth of the enterprises it serves.

InfrasoftTech is the first Indian IT services provider to be assessed at CMMi Level 5, ISO 9001:2008 and ISO 27001 certified company. InfrasoftTech solution supports over 200 financial services institutions, globally.

For further details please contact:

Chetana Rodrigues
Head – Corporate Communications
Infrasoft Technologies Limited
Contact No - +91-22-6776 4000

Contact Information
Infrasoft Technologies
Chetana Rodrigues

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