|
Orlando, Fla. / Edison, NJ, (June 29, 2005) --- Axena™ Inc.,
an Orlando based technology company that focuses on one of the
fastest-growing business technology sectors, has formed a partnership
with 3i Infotech™, a global provider of IT solutions and
services. The alliance provides for 3i Infotech to market and implement
Axena’s Risk Management and Sarbanes-Oxley solutions in Europe,
Africa, Middle East and Asia Pacific regions. The first joint assignment
is to implement Axena’s SOAx at ICICI Bank (NYSE:IBN), India’s
second-largest full-service banking corporation.
Axena’s SOAx is a web-based application that allows corporations
to address the particular requirements of the Sarbanes-Oxley Act,
which creates new responsibilities for corporate management in
reporting on internal controls.
Frank Hailstones, chief executive officer of Axena, a University
of Central Florida Technology Incubator company, said the 3i Infotech
alliance will package a key Axena software product, Axena SOAx,
for use in ICICI Bank’s operations.
“Axena SOAx ranks as one of the world’s most sophisticated
business governance software products,” said Hailstones. “Axena
SOAx is particularly helpful to companies that wish to comply with
the Sarbanes-Oxley Act, which requires corporate CEOs to certify
principal accounting statements and procedures,” Hailstones
added.
“Being listed on NYSE, compliance to Sarbanes-Oxley was of
utmost importance to ICICI Bank,” said V. Srinivasan, managing
director and chief executive officer of 3i Infotech. “It
is a great sense of achievement for us to partner with the most
technology-savvy and one of the most respected financial institutions
in India,” he said, adding, “We firmly believe that
the experience we build through the implementation of the Axena
SOAx solution at India's largest private sector bank will prove
to be invaluable as we market the application to other leading
companies around the world.”
“Our alliance with Axena™ Inc. has strengthened our
product portfolio as we can today offer our clients a combination
of our domain expertise and Axena's robust offerings,”Srinivasan
explained.
Madhabi Puri Buch, senior general manager for ICICI Bank, said “Axena
SOAx is a very comprehensive package and 3i Infotech was pro-active
in customizing the product to meet our additional specific requirements.” She
added that the implementation of Axena SOAx “will facilitate
the Bank to monitor documented processes and controls and help
capture test data on line, across locations.”
* * *
About Axena™ Inc.
Axena, Inc. provides Corporate Governance and Enterprise Risk Management
solutions to both the US and international markets. Operating
through its US headquarters in Orlando, FL and its international
headquarters in the UK Axena provides industry leading compliance,
enterprise risk management and corporate governance software
and advisory services. (www.axena.com)
About 3i Infotech Inc. (Formerly ICICI Infotech Inc)
3i Infotech Inc. (www.3i-infotech.com) provides information technology
solutions through its range of solutions for banking, finance,
insurance, e-Governance, manufacturing, retail, and distribution.
Its software business is SEI CMM Level 5-compliant, while the
company is ISO 9001 certified for its Infrastructure Services.
Using its domain knowledge and through continuous investment in
technologies, 3i Infotech Limited helps corporations in their businesses
through its expertise in enterprise-class software solutions, software
services, information security consulting, IT infrastructure and
disaster recovery solutions. 3i Infotech serves customers in 30
countries and has a presence across four continents.
About ICICI Bank
ICICI Bank (NYSE:IBN) is India’s second largest bank with
an asset base of Rs.1676 billion as of March 31, 2005. ICICI Bank
provides a broad spectrum of financial services in India to individuals
and companies. This includes mortgages, car and personal loans,
credit and debit cards, corporate and agricultural finance. The
Bank services a growing customer base of more than 13 million customers
through a multi-channel access network which includes over 570
branches and extension counters, 2000 ATMs, call centers and Internet
banking (www.icicibank.com).
About the UCF Technology Incubator
Since its founding in 1999, the UCF Technology Incubator has helped
more than 80 emerging technology companies create over $175 million
in revenue and more than 600 new jobs with an average salary
of $59,000. As a result of this success, the UCF Technology Incubator
was recently named the 2004 Technology Incubator of the Year
by the National Business Incubation Association. Headquartered
in Research Park near the University, the Incubator is a true
collaboration in economic development between UCF, Orange County,
the City of Orlando the Florida High Tech Corridor Council and
the Metro Orlando Economic Development Commission. For more information,
please visit http://www.incubator.ucf.edu
For more information on Axena, please contact
Natalia Warren, Axena™ Inc. 407-447-0050, ext. 213
…information on 3i Infotech, please contact:
Laura Wells, Lewis PR, laurawells@lewispr.com, 617-454-1107
…information on ICICI Bank, please contact:
Prerana Langa, prerana.langa@icicibank.com, +91-22-2653-8249
…information on UCF-Technology Incubator, please
contact:
Tom O’Neal, CEO or Carol Ann Dykes, COO, UCFTI, 407-882-0202
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
|
