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Polaris Software and Intellect Global Universal Banking (GUB) Reassessed at CMMi LEVEL 5

January 4, 2010

CHENNAI, India, January 4 /PRNewswire-FirstCall/ — Polaris Software Lab
Limited, a leading Financial Technology Company, announced the achievement of
SEI CMMI Version 1.2 Level 5 Certification, the highest level of quality and
process maturity appraisal in the industry for Software Services, Intellect
Global Universal Banking product spanning all micro verticals within BFSI
across all business solution centers.

The appraisal was conducted by Software Technology Transition (STT) led
by the High Maturity Lead Appraiser Ronald A. Radice. The company was awarded
LEVEL 5 (OPTIMIZING) with CMMI Version 1.2 using SCAMPI(SM) A Version 1.2 in
its recent appraisal. The appraisal coverage was enterprise wide and included
100% domains within Banking, Financial Services and Insurance (BFSI) covering
Products, Services and Delivery centers. The details of Polaris Software
appraisal are published at the Software Engineering Institute (SEI); link:
http://sas.sei.cmu.edu/pars/pars_detail.aspx?a=13195

Lead Appraiser, Ron Radice, STT, said, “Polaris has a proven record in
adoption and adaption of best practices available through models such as
CMMI. They have used this model and other tools to achieve continuous
improvement in meeting their business objectives to the delight of their
customers and stock holders. They use real time data from each project
experience to understand their strengths and where there may be opportunity
for further improvement. They are willing to break down barriers that many
companies too easily accept as limitations to growth. They listen to their
customers to learn where there may be new opportunities. Polaris does all
this while maintaining a clear and well defined employee relationship. It
would be a pleasure to work in a company like Polaris.”

Commenting on the achievement, Govind Singhal, COO, Polaris Software Lab
said, “We are excited that the reassessment at CMMi Level 5 is enterprise
wide and applies to our integrated products and services business model in
Financial Technology. We are seeing the benefits of our extreme execution
capabilities with customers rating us over 85% on the satisfaction. Evidently
we have amongst the best collection efficiencies in the industry, a testimony
to our high delivery efficiency.”

About the Carnegie Mellon Software Engineering Institute

The Software Engineering Institute (SEI) is a research and development
center operated by Carnegie Mellon University. The SEI helps organizations
make measured improvements in their software engineering capabilities by
providing technical leadership to advance the practice of software
engineering. For more information, visit http://www.sei.cmu.edu.

About Polaris Software Lab

Polaris Software Lab (POLS.BO) is a leading Financial Technology company,
with its comprehensive portfolio of products, services and consulting.
Polaris has a talent strength of over 10,000 solution architects, domain and
technology experts. The company owns the largest set of Intellectual
Properties in the form of a comprehensive product suite, Intellect Global
Universal Banking (GUB) 10.0. Intellect(TM) is the first pure play SOA based
application suite for Retail, Corporate, Investment banking and Insurance.

Polaris is headquartered in Chennai and has offices in all global
financial hubs including Tokyo, Sydney, Hong Kong, Singapore, India, Dubai,
Bahrain, Riyadh, London, Belfast, Zurich, Frankfurt, Toronto, New York,
Chicago, Fremont, Pittsburgh and Chile. For more information, please visit
http://www.polaris.co.in/

    For more information, please contact:

    Shailesh Dhawla
    Polaris Software Lab
    Tel: +91-99620-23124
    Email: shailesh.d@polaris.co.in

SOURCE Polaris Software Lab Limited


Source: newswire



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