Infosys Positioned in Leaders Quadrant in Magic Quadrant for International Retail Core Banking 2010

Evaluation Based on Completeness of Vision and Ability to Execute

LONDON and NEW YORK and BANGALORE, India, October 7, 2010 - Infosys Technologies Ltd, a global leader in consulting and
services, today announced that Gartner, Inc. has positioned Infosys in the
Leaders Quadrant of the recently released 'Magic Quadrant for International
Retail Core Banking (IRCB) 2010' report for its Finacle(TM) core banking
solution. The report can be accessed at:
www.infosys.com/finacle/solutions/gartner-2010.asp

The Gartner Magic Quadrant IRCB 2010 report "assesses the suitability of
core banking system providers and their product offerings to address the
impact of these and other trends in the IRCB market." Per the September 13th
report by Don Free, Research Director, Gartner "The Leaders Quadrant is
occupied by vendors that demonstrate strong development methodologies, and
all of these vendors have a measurable strategy for disaggregating core
banking software functionality into component-based constructs. Most leaders
maintain a strong banking market understanding through methodical processes
and have extensive marketing delivery and sales channels. Although there are
many well-balanced vendors/products in this quadrant, some are in transition
and possess evolving products, process maturity, or both."

Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies Ltd.,
said, "We believe Finacle's global leadership in the core banking space has
been reiterated by our position in the Leaders quadrant in the Gartner Magic
Quadrant IRCB 2010 report. Finacle's innovation capabilities,
transformational approach, state-of-the-art solution, and excellent execution
track record have renewed benchmarks across the world and we believe this
report by Gartner further demonstrates our differentiating capabilities."

The evaluation for the Gartner Magic Quadrant report for
International Retail Core Banking 2010 began with 40 candidates and resulted
in a qualified group of 18 combinations of vendors and products that
represent the major movers in the retail core banking system market.

Finacle has a unique proposition to clients as an Innovation Partner.
With Finacle, client banks have been able to innovate on products and
services by bundling new offerings and creating a differentiated customer
experience.

Being the most scalable open systems based solution in the world, Finacle
has continuously raised the standards of operational efficiency. It provides
an interoperable and open architecture that ensures tight integration with
delivery channels and other existing systems. Finacle's extensibility
capabilities facilitate customization and enable faster time to market for
banks - right from conception to product delivery.

About the Magic Quadrant

The Magic Quadrant is copyrighted September 13, 2010 by
Gartner, Inc. and is reused with permission. The Magic Quadrant is a
graphical representation of a marketplace at and for a specific time period.
It depicts Gartner's analysis of how certain vendors measure against criteria
for that marketplace, as defined by Gartner. Gartner does not endorse any
vendor, product or service depicted in the Magic Quadrant, and does not
advise technology users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool, and is
not meant to be a specific guide to action. Gartner disclaims all warranties,
express or implied, with respect to this research, including any warranties
of merchantability or fitness for a particular purpose.

About Finacle(TM) Universal Banking Solution

Finacle from Infosys partners with banks to power-up their
innovation agenda, enabling them to differentiate their products and service,
enhance customer experience and achieve greater operational efficiency. This
proven and effective… framework for multi-disciplinary change, enables
banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking,
treasury, wealth management and CRM requirements of retail, corporate and
universal banks worldwide.

Several powerful and differentiating features make Finacle one of the
most comprehensive, flexible and scalable universal banking solution in its
class. These solutions when associated with Finacle services empower banks to
maximize their opportunities for growth, while minimizing the risks that come
with large-scale business transformation. For more information, visit
www.infosys.com/finacle

About Infosys Technologies Ltd.

Infosys (NASDAQ: INFY) defines, designs and delivers
IT-enabled business solutions. These solutions focus on providing strategic
differentiation and operational superiority to clients. As on June 30, 2010
the Infosys group employed about 114,800 employees in over 50 offices
worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For
more information, visit www.infosys.com.

Infosys Safe Harbor

Statements in connection with this release, include those
concerning future operational opportunities may include forward-looking
statements within the meaning of US Securities laws intended to qualify for
the "safe harbor" under the Private Securities Litigation Reform Act. These
forward-looking statements are subject to risks and uncertainties including
those described in our SEC filings available at www.sec.gov including
our Annual Report on Form 20-F for the year ended March 31, 2010, and our
other recent filings, and actual results may differ materially from those
projected by forward-looking statements. We may make additional written and
oral forward-looking statements but do not undertake, and disclaim any
obligation, to update them.

Press contact:

    Infosys Press Office - Asia Pacific
    Sujeet Pramanik
    Infosys Technologies Ltd,
    India
    +91-39131343
    Sujeet_Pramanik@infosys.com

    Infosys Press Office - EMEA
    Antonia Maneta
    Infosys Technologies Ltd, UK
    Phone: +44-0-207-715-3499
    Antonia_Maneta@infosys.com

    Infosys Press Office - The Americas
    Peter McLaughlin
    Infosys Technologies Ltd, USA
    Phone: +1-213-622-4949, Ext 206
    Peter_McLaughlin@infosys.com

Infosys Press Office - Asia Pacific, Sujeet Pramanik, Infosys Technologies Ltd, India, +91-39131343, Sujeet_Pramanik at infosys.com, Infosys Press Office - EMEA, Antonia Maneta, Infosys Technologies Ltd, UK, Phone: +44-0-207-715-3499, Antonia_Maneta at infosys.com, Infosys Press Office - The Americas, Peter McLaughlin, Infosys Technologies Ltd, USA, Phone: +1-213-622-4949, Ext 206, Peter_McLaughlin at infosys.com