Infosys, NorthStar in pact

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June 07, 2006 18:37 IST

Infosys Technologies and wealth management software solution provider NorthStar have entered into a partnership wherein the former will deliver consulting services and application development for US-based firm.

The partnership also includes joint sales engagement and marketing activities and would further enhance Infosys's industry expertise, Infosys informed the Bombay Stock Exchange.

"This relationship is an important part of our strategy and is designed to enrich our offerings to the wealth management segment and enhance our market reach," Ashok Vemuri, senior vice president and head of the Infosys' Banking & Capital Markets business unit said.

The company said that NorthStar's clients would benefit from its expertise in technology and consultancy services with his partnership.

All services and partner activity would be delivered via the Alliances & Product Services Group within the Infosys' Banking & Capital Markets business unit.

The shares of the company closed at Rs 2762.05, down 0.06 per cent on the BSE.

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