Polaris Software wins 14 new customers, launches "The Capital"

Polaris Software Lab Ltd has announced about the following:

Business Highlights:

1. Launched the World’s first Super-Specialty Center for Technology Solutions for Investment Banking, "The Capital". This centre has relationships with 7 out of the top 10 Global investment banks.

2. Entry into 3 large global banks taking the Company's key account customer landscape to 53.

3. 14 new Customer Relationships won in Q2.

4. The Company increased the headcount by 755 and plans to add 600 more associates in 03 ‘06-07.

5. The Company's Intellect Platforms received excellent visibility in mega events such as SIBOS in Australia, FIT in Japan, Retail Banking Summit in the Middle East and Wealth Management Summit in Taiwan.

Mr. Arun Jain CEO & Chairman, of the Company said, "We continue to provide a sharper focus to our core-competency of banking and launched the world’s first Super- specialty center for technology solutions for Global Investment banks. We have increased our investment into Sales & Marketing by Rs 4.5 Crores and will continue to invest more into Branding & Marketing initiatives in a calibrated manner, to exploit the $85 Billion Dollar BFSI technology market".

Source : Equity Bulls

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