Polaris FT Proves its Excellence in Enterprise IT at the CIO 100

Chennai, Tamil Nadu, India, Tuesday, October 29, 2013 -- (Business Wire India) 
-- CIO Magazine Felicitates Polaris at the 8th Annual CIO100 Awards 
-- Polaris wins ‘The Astute 100 – Honoree 2013' for its innovative
‘Octopus – Work Place Technology' and the ‘Green Crusader' Special Award 
Polaris Financial Technology Limited, a leader in products, solutions and
services that enable unprecedented operational productivity for the global
Financial Services industry, recently won two prestigious awards at the 8th
Annual CIO 100 Awards organized by IDG's CIO Magazine. Polaris won ‘The Astute
100 – Honoree 2013' and the ‘Green Crusader' award at a grand ceremony held
at the JW Marriott, Pune.  
‘The Astute 100 – Honoree 2013' Award 
‘The Astute 100 – Honoree 2013' Award recognizes and felicitates CIOs who
have initiated innovative projects, which have enabled significant business
growth and achieved lead on their competition. The award has been conferred to
Mr. Shashi Mohan, CIO and CTO, Polaris for the innovative intra organizational
social platform, called Octopus.  
Octopus, Polaris' Workplace Technology for collaborative project management, is
a web based smart enterprise portal, providing an integrated and holistic
approach to implement workplace technology and offer intuitive workspace to an
employee. The innovative portal encapsulates key aspects such as Project
Execution Efficiency, Sales Efficiency / Customer Account Management, Employee
Engagement Efficiency and Knowledge Efficiency for the organization. 
Green Crusader Award 
The Green Crusader Special Awards honor Indian enterprises that have implemented
smart, efficient strategies to achieve ‘green, sustainable IT'. It recognizes
IT Strategies, that benefit the environment; that reduce an organization's
carbon footprint while adding to business value. 
Polaris won this award in recognition for the reduction of Carbon Emission by
3362 tons, which in turn has saved more than Rs 6 crore on power and travel
costs. Carbon emission to this extent was achieved through various initiatives
such as power saving through the company's PC shut down policy, decrease in
hardware investment, effective utilization of servers and enablement of power
saving mode in all desktops. 
Commenting on the occasion, Mr. Vijay Ramachandran, Editor-in-Chief, CIOMagazine
said, “Uncertain economic situations, challenging business requirements,
fast-changing market needs and demanding end-users are the new normal. CIOs are
now expected to deliver superior IT solutions and execute larger number of
business technology projects with shortened timelines, fewer resources and
tighter budgets. Therefore, this year's CIO100 awards theme was aptly chosen as
- The Astute 100 - that recognized and felicitated the CIOs who have been
imaginative and inventive in these times; and adept and astute in converting the
handicaps to their advantage while not only enabling their businesses to grow
but also extend their lead on their competition. Many congratulations to Polaris
on this win!” 
Receiving the two prestigious awards, Mr. Shashi Mohan – CIO and CTO, Polaris
Financial Technology Limited said, “We are delighted to be recognized by such
a prestigious publication for innovating Octopus, our work place technology that
is poised to drive efficiency in the areas of Project Execution, Sales, Employee
Engagement and Knowledge for any organization. Octopus provides a new form of
collaboration to improve communication, stream-line project management and
create a learning space for intellectual growth. As an effective internal social
networking platform, Octopus enables employees to stay connected with the
organization, offering a more flexible workplace that today's employees aspire.
This recognition stands validation to Octopus's growth as the next generation
radical work place technology. We hope to continue to enhance our abilities to
provide customers with leading technologies.” 
IDG India's CIO magazine recognized CIOs and IT leaders from leading Indian
organizations for being imaginative and innovative with their IT deployments in
difficult economic conditions. These awards are a celebration of 100
organizations that are using information technology in innovative ways to
deliver business value, whether by creating competitive advantage, optimizing
business processes, enabling growth or improving relationships with customers.
Hosted in countries such as Canada, Sweden, Australia, Singapore, Vietnam,
Hungary and India, the CIO 100 Awards is a truly global recognition. 
About Polaris Financial Technology Ltd 
Polaris Financial Technology Limited is a global leader in Financial Technology
for Banking, Insurance and other Financial Services. With over 25 years of
expertise in building a comprehensive portfolio of products, smart legacy
modernization services and consulting, Polaris owns the largest set of
Intellectual Property for a comprehensive product suite. iGTB is the world's
first complete Global Transaction Banking platform, used by the world's top
transaction banks.  
This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of
the top 10 global insurance companies. The company has a global presence through
its 40 relationship offices across 30 countries, 6 international development
centers and 8 fully owned Business Solution centers. Polaris has a talent
strength of over 13,000 solution architects, domain and technology experts. For
more information, please visit http://www.polarisFT.com/  
Media contact details 
Minal Sahani,
Polaris Financial Technology Ltd.,
+91 9176626468,
G. Sunanthy Devi, Investor Relations,
Polaris Financial Technology Ltd,
+91 8939933564,
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-0- Oct/30/2013 07:13 GMT
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