Infosys and Accenture in strategic partnership around Infosys’ Enterprise Banking E - Platform for ECOWAS Region and Cameroon in Africa

Bangalore, November 7, 2001: Infosys Technologies Limited (NASDAQ: Infy), the global IT consulting and software power house from India and Accenture Nigeria, a member of the world’s leading provider of management and technology consulting services announced a non-exclusive strategic partnership for delivery of services and solutions around the Infosys Enterprise Banking E-platform to clients across the ECOWAS (Economic Community of West African States) region, including Cameroon.

As an Infosys partner, Accenture will provide a wide range of value added services like implementation, customisation, training, on going support, business process reengineering and program management to Infosys customers in the region.

After entering the West African market two years ago, Infosys has had remarkable success in acquiring several key banks in the region for its new generation Enterprise Banking Solutions including Finacle - Core Banking Solution, BankAway – Internet Banking Solution and PayAway – E-Payments Solution. What has differentiated Infosys in the market is its track record of 100% success in rapid and smooth implementations.

"We at Infosys are pleased and excited with this partnership with Accenture, a leading consulting firm in the region," said Mr. Merwin Fernandes, AVP and Head – Global Sales and Marketing, Banking Business Unit, Infosys Technologies Limited, welcoming the partnership. "We believe that this partnership offers a winning proposition to all the stakeholders – Infosys, Accenture and our customers. The combination of Infosys best-of-breed new generation Enterprise Banking Solutions with the rich and wide range of value added services from Accenture would provide our clients a unique and unbeatable value proposition. It would offer both Infosys and Accenture an opportunity to grow faster and serve their customers better by leveraging each other’s strengths."

Mr. Adedotun Sulaiman, the Country Managing Director of Accenture in Nigeria welcomed the alliance with Infosys saying, "We believe that this alliance is truly strategic and look forward to working with Infosys Technologies Limited to provide a whole range of value added services around their new generation Enterprise Banking Solutions. This alliance complements our existing alliances and capabilities and consolidates our position as the leading technology and consulting service provider to the financial services industry in Nigeria."

Mr. Amit Dua, Business Development Manager – West & North Africa, Banking Business Unit, Infosys Technologies Limited commenting on the relationship said, "Africa is a key focus market for Infosys banking solutions. Accenture brings its deep knowledge of the business and understanding of the West African market to the partnership. I believe that this alliance is a clear endorsement of the strength and acceptance of our products in this market and will help us consolidate our gains and strengthen our competitive leadership in this region. It will also enable our customers to realize greater business value from their investments in Infosys Enterprise Banking E-Platform in general and Finacle in particular."

About Infosys Enterprise Banking e-Platform
The Infosys Enterprise Banking e-Platform goes beyond the traditional realm of banking to cover the requirements of the entire banking enterprise. The Infosys Enterprise Banking e-Platform provides the bank with an open and adaptable new generation architecture that leverages the power of Internet technologies to deliver customer value and business agility. This platform is designed to address the needs of all the constituents of the banking space - the customers of the bank, the management of the bank, the employees of the bank and the surround environment of the bank. It offers a comprehensive business solution to a bank to fully leverage information technology in order to meet the challenges of the new banking age.

Finacle is a centralized and integrated retail, corporate and trade finance solution that is designed to extend the bank's reach to the entire enterprise in a seamless manner – from the front office to the back office. Finacle has a powerful in-built E-xtensibility Toolkit, which provides a high level of flexibility, customizability and extensibility to achieve critical time-to-market advantage and build USPs. Finacle offers 24x7 capability across delivery channels and branches and harnesses the web technology to enable the bank to integrate with surround Web applications, thus creating a powerful banker’s desktop. The solution is multi-currency, multi-lingual, multi-platform and workflow enabled.