Last updated on April 23, 2014 at 21:24 EDT

Polaris Awarded the Red Hat Best Independent Software Vendor Award in the Middleware Segment

November 23, 2011

CHENNAI, India and LONDON, November 23, 2011 /PRNewswire/ –

Award Announced at the Red Hat APAC FY12 Partner Conference

Polaris Financial Technology Ltd. (POLS.BO), a leading global Financial
Technology company, was awarded the Best Independent Software Vendor (ISV)
title in the Middleware segment at the Red Hat APAC Fiscal Year 2012 Partner
and Technical Conference held in Macau in October 2011. Polaris was the only
winner in this category and one of two award winners from India.

By partnering with Red Hat, Polaris has been able to effectively cater
to price sensitive tier-2 and tier-3 banks on a global scale. Red Hat’s open
source strategy offers Polaris’ customers a long-term plan for building
their infrastructure without having to worry about license fee payment. Red
Hat’s broad portfolio, enterprise-class performance and stability, ease of
management, greater flexibility and control, and lower total cost of
ownership provides a competitive advantage for Polaris in the marketplace.

Speaking on the occasion K Srinivasan, EVP & Geography Head, Indian
Subcontinent, Middle East, and Africa (IMEA), Polaris Financial Technology
Ltd. said, “We are delighted to receive the Red Hat Best ISV Award in the
Middleware (JBoss) segment and be the only winner in this category. This is
a testimony to our strong partnership with Red Hat, our deep domain
knowledge and Polaris’ ability to consistently deliver the highest quality
of service to customers. This recognition will further fuel our growing
presence in emerging markets and among tier-2 & tier-3 banks globally. With
additional wins and recognition to our credit, Polaris is continually
establishing its leadership in the Financial Technology space.”

“It is our pleasure to announce this award to our Middleware ISV
partner, Polaris Financial Technology Ltd. Through their commitment to the
Red Hat Enterprise Linux platform, Polaris is helping us add significant
clients to our portfolio. We believe that together we will be able to
optimize business opportunities and create many more significant
milestones,” said Anuj Kumar, Managing Director, India Subcontinent, Red Hat

Kumar added, “Through our network of leading hardware, software, and
service provider vendors in India, we offer customers more choice with a
wealth of proven technology solutions that solve real-world business

        For further information on Polaris, contact:
        Dwaipayan Deb (+91-9962536442;  dwaipayan.d@polarisFT.com)

SOURCE Polaris Software

Source: PR Newswire