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May 6, 2009

HP, Polaris sign agreement for joint marketing in India

The two companies to explore new opportunities in the FSI and software testing segments

By CBR Staff Writer

HP India and Polaris Software Lab, a provider of financial technology, have signed an agreement to jointly market and deliver a range of solutions covering software, services and system integration for businesses in India.

The two companies will explore new opportunities for strengthening and expanding offerings for customers in the financial services industries (FSI) and software testing segments, said Polaris.

According to Polaris, the offerings will leverage products and systems from both companies to enable customers to accelerate growth, mitigate risk, increase flexibility and lower costs. They will leverage the capability of the Polaris Intellect range of products to enable changes to banking applications and automated core banking processes, with highly flexible and available HP infrastructure.

As part of the agreement, HP will leverage Polaris’s suite of applications comprising of Global Universal Banking (GUB) Intellect 10.0 and Insurance Intellect SEEC to customers while Polaris will leverage HP systems comprising of HP Integrity servers, HP BladeSystem servers and HP StorageWorks to deliver high performance and availability.

The alliance will also leverage HP’s application lifecycle management (ALM) software portfolio and Polaris’s testing Capabilities. This will ensure applications function, perform, and are secure enough to meet the needs of the business, added Polaris.

Neelam Dhawan, managing director of HP India, said: Customers will benefit from the combined power of HP’s broad portfolio of enterprise technology offerings and Polaris’ rich expertise in the banking and financial services industries through our agreement. Together, HP and Polaris are both focused on enabling financial services organizations utilize IT as a strategic asset for better business outcomes.

Arun Jain, chairman and managing director of Polaris, said: We are pleased to collaborate with HP who is a leader in the FSI and ALM space across the country. Our complementary expertise will result in considerable benefits for customers. This agreement is a milestone in collaboration and marks only the beginning of further endeavors.

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