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

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 India.

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 challenges."

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