Infosys BPO Receives ’Positive’ Rating in Leading Analyst Firm’s MarketScope for Comprehensive Finance and Accounting Business Process Outsourcing, 2008 Report

Bangalore, India - Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, today announced that it received a ‘positive’ rating in Gartner’s MarketScope for Comprehensive Finance and Accounting Business Process Outsourcing, 2008*. Infosys BPO was amongst the 11 vendors evaluated for the reports, which focused on vendor capabilities in the comprehensive F&A BPO market.

“Our F&A practices are built on a foundation of robust methodologies and offer end-to-end F&A services as a strategic tool enabling CFOs to meet their objectives,” said Gautam Thakkar, VP & Head F&A, Infosys BPO. “I believe this recognition validates our strategy and the significant investments we have made in our F&A practice to add measurable business value to our F&A clientele,” he added.

*Source: MarketScope for Comprehensive Finance and Accounting Business Process Outsourcing, 2008, Cathy Tornbohm, December 19th 2008, Gartner

About the MarketScope
The MarketScopes is copyrighted 19 December 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

About Infosys BPO
Infosys BPO Ltd. ( www.infosys.com/bpo ), the Business Process Outsourcing subsidiary of Infosys Technologies, was set up in April 2002. Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of Outsourcing Professionals, Red Herring, FAO Today, NelsonHall, and others. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Czech Republic, China, Philippines, Poland, Bangkok and Mexico and employs 17,238 people. It closed FY 2007-08 with revenues of $250.3 million.

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com

Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov Opens in new window including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.