Released on: September 11, 2008, 11:13 pm

Press Release Author: ITC Infotech

Industry: Financial

Press Release Summary: Founded in 2000, Pyxis Solutions has been built on providing
a suite of QA services to customers. Pyxis specializes in providing quality
assurance testing solutions. The organization\'s success continues to be derived from
a tradition of on-time delivery, high quality, reliability and professionalism.



Press Release Body: Bangalore, 19 Aug 08: ITC Infotech, a global IT services company
and a fully owned subsidiary of ITC Ltd, today announced the acquisition of Pyxis
Solutions, LLC, a US based niche player offering Quality Assurance (QA) solutions
and testing services.

Pyxis offers a full spectrum of services in software Quality Assurance (QA), ranging
from user-interface testing to QA process improvements. Their services also include
QA management and consulting, quantitative analysis testing and data validation
testing. Pyxis has been working with leading Investment Banking institutions and
companies in the Banking, Financial Services and Insurance (BFSI) segment providing
deep expertise in a large portfolio of customised solutions.

“This strategic acquisition is an important milestone for us. It is a manifestation
of our commitment to deepen capabilities and create enduring value for our
customers”, said Mr. Sanjiv Puri, Managing Director, ITC Infotech. “Pyxis Solutions
brings on board differentiated capabilities and expertise which compliment our
service offerings. Their impressive roster of customers will further strengthen our
presence in US. We welcome the Pyxis team to the ITC Infotech family.” Mr. Puri
further added, “In line with our vision, we are actively seeking synergistic
partnerships around our key industry verticals, solution areas and focus
technologies.”

Mr. Amar Duggal, CEO, Pyxis Solutions, said, “We are truly excited about ITC
Infotech and Pyxis Solutions coming together. We can now bring on board the benefits
of scalability, a robust global delivery model, strong offshore base and
institutional strengths of being part of a larger group, to provide better services
to our customers.”

Mr. Greg Brener, COO, Pyxis Solutions, added “Our unique Pyxis testing methodology
combined with the scalability of ITC Infotech will provide a compelling offering.”

Synergies between the two companies are expected to create large opportunities for
cross selling by leveraging existing customer relationships of both Pyxis and ITC
Infotech. This acquisition will also help in enlarging the geographic reach of
services offered and create new opportunities for diversified offerings across
industry verticals.

ITC Infotech has a significant presence in the BFSI industry, and has been working
with leading banks across the globe on mission critical projects. The company also
enjoys a good track record in offering Testing services. ITC Infotech witnessed
significant traction in the testing arena with the Interline e-ticketing accelerator
and other industry solutions.


Web Site: http://www.itcinfotech.com

Contact Details: India - Bangalore
ITC Infotech India Ltd.
ITC Infotechpark
Pulikeshinagar P.O.
Bangalore - 560005
Tel: +91. 80.2298 8331