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Atul Atul Pande
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Infrasoft Technologies ranks among the Top Three Core Banking Suppliers at the IBS UK Sales League 2008

InfrasoftTech, a dedicated software company for the Banking & Finance Industry announced today that IBS Publishing, UK has ranked them among the top three core banking suppliers in the global markets, just behind Temenos and Oracle FSS. This is the fifth consecutive year where InfrasoftTech has been ranked among the Top Ten vendors in the world, improving its position this year.

“During the recession time relative ranking could be with lower numbers achieved by everyone. The heartening news is that we achieved the third position with 34 new sites added in the previous twelve months, way higher than previous year. We hope that the trend continues in 2009-2010 when the pundits are predicting further erosion for all businesses world over. Our strategy is aligned to add atleast these many new sites in 2009-2010 as well. Looking at different business models that banks & financial institutions are launching in global markets, we feel the demand for core solutions is set to grow,” says Mr. Hanuman Tripathi, CEO of InfrasoftTech.

He further said, “We need to acknowledge our sales & deployment teams for their gallant fight back to get to a better position at IBS Sales League this year and we must profusely thank all our customers whose patronage has helped InfrasoftTech survive & grow over the years”.

The IBS Sales League Table is a reputed benchmark for banking solution suppliers in the global environment often referred by customers as a Bible in core systems. The Sales League is based upon sales numbers of back-office banking systems sold to new clients by global vendors.