Dhaka – August 31, 2008 - Indian IT giant, 3i Infotech, a global provider of IT solutions and services company, today opened its office in Dhaka to cater to the growing needs of the financial and insurance sectors of Bangladesh.

Having expertise in financial and insurance software development, 3i Infotech is the first Indian Information Technology (IT) firm to open its office in Bangladesh, aimed at promoting its award winning BFSI (Banking, Financial Services & Insurance) products and related services in the growing Bangladesh market.

“We are happy to open 3i Infotech`s office in Dhaka as we see a vibrant market and enthusiasm in Bangladesh to adapt global best management practices,” said Mr. Anirudh Prabhakaran, Executive Director & President – South Asia, 3i Infotech.

3i Infotech has already successfully implemented its Core Banking, Treasury, Trade Finance as well as interface with ATM solutions in one of the large government banks in Bangladesh, the only government bank to have implemented Core Banking solution.

The company has also successfully implemented their award winning Universal Lending solution for retail, SME and Corporate lending, Treasury and Asset Liability solutions in one of the fast growing and pragmatic private sector banks in Bangladesh.

“Our software products for the BFSI industry have years of global experience and domain expertise built in, especially those learnt from various developing countries. We believe that as Bangladesh develops in all areas, the adaptation of technology in business strategies would become faster, leading to all round benefit to customers,” Mr. Prabhakaran said.

3i Infotech, a $300-million dollar IT company, provides technology solutions to over 600 customers in more than 50 countries across five continents, spanning a range of sectors, including banking, insurance, manufacturing, contracting, retail & distribution and government.

The company also offers a broad range of software services such as Custom Software Development, IT Consulting, IS and IT Security Consulting, Enterprise Application Integration (EAI), Managed IT Services, and specialized services such as Product Re-engineering, Compliance Consultancy, Application Rehabilitation and e-Governance.

About 3i Infotech
3i Infotech is one of the top four Indian software products companies.* The company provides software products and IT services (managed IT services, application software development & maintenance, payment services, Business Intelligence, IT consulting, Operations Outsourcing, document imaging & digitization and data warehousing) for the insurance, banking, capital markets, mutual funds, manufacturing, retail & distribution, and government. The company services customers in over 50 countries across five continents. 3i Infotech is SEI CMMI Level 5 compliant for its Software services and ISO 9001:2000 certified for its IT infrastructure and Operations Outsourcing services.

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