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Bangalore, Jul 4: Software major Infosys on Tuesday announced its selection as 'Best Outsourcing Partner' by the readers of Waters, the leading publication covering the needs of Chief Information Officers in global capital market firms.

Waters Rankings recognised the outstanding achievements of solution providers that help financial institutions generate revenue and service their clients efficiently, Infosys said in a release here.

"Like other companies selected in Waters Rankings, Infosys Technologies has demonstrated a strong understanding of the particular business challenges facing financial services firms" said Ben Ray, group publisher of Waters and other financial IT titles at Incisive Media. "Infosys leads the way in the outsourcing space for financial service firms on Wall Street and The City" he added.

Infosys was named the Best Outsourcing Partner over nine competitors and by a margin of more than double to the closest competitor in the survey. In May, the editors of Waters invited the publication’s readers, financial technology professionals, to vote for the best hardware, software, financial service vendors and trading venues in the industry across twenty-two different categories. Nearly 600 individuals voted for the 2007 rankings.

"Being selected as the Best Outsourcing Partner by the discerning readers of Waters is recognition of our hard work, innovation and ingenuity," said Ashok Vemuri, Senior Vice-President and Head, Banking and Capital Markets, Infosys Technologies.