ITC Limited :: Newsroom :: Media Releases

ITC Infotech, a leading global IT services and solutions company and fully owned subsidiary of ITC Ltd, has expanded its strategic partnership with Misys to deliver Kondor Support Services to Misys customers. ITC Infotech will offer IKONS (ITC Infotech Kondor Services) to customers of Misys globally.

Kondor+ and Misys Global Risk are two of the world's most widely used trade and risk management platforms, providing market-leading technology to financial institutions seeking to optimize and expand their trading operations. IKONS aims at delivering superior quality, service excellence and cost effective professional services in an uncertain and volatile business environment. The long-standing partnership with Misys has enabled ITC Infotech to develop robust professional services capabilities with Kondor+ and Misys Global Risk.

Mr. Nadeem Syed, President and COO, Misys said, "We are excited to extend our partnership with ITC Infotech, and see a huge value addition to Kondor+ customers through these integrated services. IKONS will help our customers unlock potential from their investments in Kondor+ and Misys Global Risk. Our long standing partnership with ITC Infotech has enabled us to help deliver value to our customers, and we look forward to working collaboratively with ITC Infotech on extending these services."

Today, ITC Infotech already provides IKONS to one of the largest banks in the Middle East region and has several on-going engagements with Misys and its customers through the dedicated global delivery center of excellence in the areas of build and configuration, implementations, testing and migrations, product customizations, production and UAT (User Acceptance Test) support services for Kondor+ and Misys Global Risk. Through IKONS, ITC Infotech will offer end-to-end IT services including managed services, professional services, implementation, support and value added services including building standardizations, repeatability & reusability, enabling faster implementations through accelerator packs & quick starts and process standardization.

Mr. B Sumant, Managing Director, ITC Infotech, said, "We are pleased to launch IKONS in partnership with Misys. As a strategic partner for Misys, ITC Infotech is committed to growing the Kondor+ and Misys Global Risk business by combining our rich financial services expertise with world class capabilities in technology services to deliver 'business-friendly solutions', thus making ITC Infotech a unique and trusted IT partner for Misys's customers using Kondor+ or Misys Global Risk products."

Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading and risk solutions available on the market. With 1,800 customers in 120 countries, our team of domain experts and partners have an unparalleled ability to address industry requirements at both a global and local level.

Misys is able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organizations turn to for help solving their most complex problems.

ITC Infotech, a fully owned subsidiary of USD 7 billion ITC Ltd, provides IT services and solutions to leading global customers. The company has carved a niche for itself by addressing customer challenges through innovative IT solutions.

ITC Infotech is focused on servicing the BFSI (Banking, Financial Services & Insurance), CPG&R (Consumer Packaged Goods & Retail), Life Sciences, Manufacturing & Engineering Services, THT (Travel, Hospitality and Transportation) and Media & Entertainment industries.