New ITC Infotech unit for Treasury and Capital Markets segment - The Times of India
July 12, 2013
ITC Infotech, a leading global IT services and solutions company and fully owned subsidiary of ITC Ltd, announced on Friday the launch of a new business unit to cater to the treasury and capital markets (TCM) segment.
ITC Infotech said it has entered into a strategic partnership with Misys, a front runner in the financial software industry, to cater to this segment. As a result of this partnership, ITC Infotech is witnessing a growing demand from existing as well as prospective customers for TCM services, the company said. The new business unit will enable sharper focus to the rapidly expanding business opportunities in the TCM market globally, and will function as an independent business unit (IBU), it said.
B Sumant, managing director, ITC Infotech said, "The TCM segment is on a high-growth trajectory. With the newly created IBU, we will be able to add greater focus, attention and depth to this niche segment, thereby aiding a more closely aligned Misys ecosystem. We see strong traction in this area in the future. We are confident that along with Misys, we will be able to create a world-class practice in delivering business-critical solutions to market leaders globally."
As part of the strategic partnership with Misys, ITC Infotech is delivering K+ and MGR premium support services and offers IKONS (ITC Infotech Kondor Services) to customers of Misys globally. IKONS is designed to deliver superior quality, service excellence and cost effective professional services in an uncertain and volatile business environment. Today, ITC Infotech already provides IKONS to one of the largest banks in the Middle East region and has several on-going engagements with many other banks in the MEA and APAC region.
