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Infosys joins Mantas global alliance program

  • 06 April, 2004 13:56

<p>Mantas Inc., a provider of behaviour detection technology for the financial services industry, today announced that Infosys Technologies Ltd. (NASDAQ: INFY) has become a key partner in delivering integration services for the banking and capital markets industry.</p>
<p>Joining the Global Alliance Program formalizes a pre-existing relationship between Mantas and Infosys. Mantas is also delivering its behaviour detection platform to Infosys financial services clients as a result of this partnership.</p>
<p>“Infosys is one of the largest global IT consulting and software services and solutions companies in the world,” said Simon Moss, CEO, of Mantas. “Infosys has had the opportunity to analyze the strengths and weaknesses of a broad range of AML and fraud detection technologies within the financial services industry and their decision to join our Global Alliance Program speaks for itself.”</p>
<p>“In today’s environment, global financial services firms are compelled to seek the most effective ways of detecting fraud and abuse,” said Ashok Vemuri, VP of the Infosys Banking &amp; Capital Markets Industry Business Unit. “In our view, Mantas technology offers our clients a proven, battle-tested weapon that instantly identifies and flags problems thereby raising and sustaining both user and customer confidence in the ability of an enterprise to comply with regulations.”</p>
<p>Merrill Lynch and ABN Amro are major users of Mantas AML technology. The latter recently began implementing the technology in its 3,300 global banking network.</p>
<p>About Mantas</p>
<p>Mantas provides next-generation analytic applications for the global financial services and telecommunications markets. The company's products are used by global leaders including ABN Amro, Barclays Capital, Charles Schwab, Citibank, Merrill Lynch, and Verizon. Headquartered in Herndon, Va., the company also has offices in Gaithersburg, Md., London, New York, and New Delhi. Major investors are Safeguard Scientifics, Inc. (NYSE:SFE) and SRA International, Inc. (NYSE:SRX). The company can be contacted at 001-866-462-6827.</p>
<p>For further information please visit</p>
<p>About Infosys Technologies Ltd</p>
<p>Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys' Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has over 21,000 employees in over 30 offices worldwide. For more information, visit</p>
<p>Media queries to Blackie McDonald:
61 2 9929 0200
Luke Dean 0414 535 433</p>

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