"With this merger we are also expanding our strategic capacity by 600 banking and technology experts", said Arun Jain, founder, chairman and CEO, Polaris Software Lab Ltd. Suresh Kamath, founder and managing director, Laser Soft Infosystems, said: "Over the last 23 years, we have successfully evangelised robust products for banking and financial services space and deployed them at more than 50 leading banks in emerging countries.

At this inflection point in our growth journey, we were looking for a partner who is large and deeply entrenched in banking and financial services and can help us with investments and strong market connects. We believe our merger with Polaris is highly synergistic in its focus of domain, strength of complementing solutions and organisation ethos. Together with Polaris we will present a compelling and long standing technology proposition for our customers and prospects."

Based in Chennai, Polaris Software Lab is a leading financial technology company engaged in services and consulting. Polaris has a talent pool of over 9,000 solution architects, domain and technology experts and owns the largest set of intellectual properties in the form of a comprehensive product suite, especially in the financial and banking sector.
The company has offices in all global financial hubs, including Tokyo, Sydney, Hong Kong, Singapore, India, Dubai, Bahrain, Riyadh, London, Belfast, Zurich, Frankfurt, Toronto, New York, Chicago, Fremont, Pittsburgh and Chile.

Laser Soft Infosystems Limited is an ISO 9001:2000 company offerings the entire range of Banking Operations and include core banking and specialised products like treasury, trade finance, cash management and recon systems. The company has 600 banking and technical experts and is a leading player in the banking software segment. It provides solutions to more than 50 banks in India, the Middle East and Africa, including Corporation Bank, ICICI Bank, Axis Bank, HDFC Bank, SBI, Catholic Syrian Bank, etc.