Aurionpro Solutions - Technology Fast 50 India 2007

Aurionpro Solutions Ltd has informed that the Company has been recognized as one of the fastest growing technology companies in the Technology Fast 50 India 2007 Program conducted by Deloitte Touche Tohmatsu, Asia Pacific and has been ranked as 5 among all participants.

Aurionpro acquires Integro Technologies

Aurionpro Solutions Ltd has informed that the Company has entered into an all cash deal to acquire 100% control in Integro Technologies Pte. Ltd. (Integro) a leading Banking products company headquartered in Singapore. Integro's product portfolio include, products in the areas of Loan origination, Collateral Management for Basel II Compliance and Internet banking.

Headquartered in Singapore, Integro has development centers in Singapore and Malaysia and marketing offices in Thailand. Integro has product development and implementation team of over 110 people and over 20 customers across multiple countries across Asia. Integro's contemporary & cutting edge products suite include; The Smart Lender Suite and The Internet Banking Suite. The SmartLender suite addresses the Loans business of banks through Smart Lender Retail & SmartLender Corporate. It also helps banks manage their Collaterals effectively and aid them for Basel II compliance, the Internet Banking Suite enables banks to reach out to their customers, both retail and corporate, more effectively and efficiently. Integro’s current set Of customers include Global banks like Standard Chartered, ABN Amro, CITI, Regional banks like UOB, OCBC, MayBank, Bank Mandiri, etc.

Commenting on the acquisition, Mr. Amit Sheth, Managing Director of the Company said; "This is a major step for us towards making aurionPro number one banking products and services company across Asia. Integro has an excellent product portfolio with significant number of major customers across Asia Pacific region and like aurionPro; Integro’s product Suite is based on J2EE architecture. This will help aurionPro in offering integrated products to the customer quickly across the region and to expand it to other markets. Commenting further Mr. Sheth said, with greatly strengthened product portfolio and expanded customer offerings, we will be able to accelerate our growth significantly across Asia and create a strong platform for launching it to Europe market next year. He further commented that, "There is a great opportunity to enhance offerings within existing customers of Integro and aurionPro and collectively we will be able to ramp up the relationships much faster. He further added that there is a great synergy in offering Integro Internet banking portfolio together with Aurionpro's cash management product, and expanding Integro’s operations where we have established infrastructure and delivery capabilities, particularly in, Middle East Asia."

Aurionpro Solutions

Aurionpro Solutions Ltd has announced that the Company is investing in a strategic stake in Denver-based PaySimple. PaySimple is leading provider of payment management solutions for businesses across the United States. As a part of partnership, the Company has signed a long term offshore development contract to develop PaySimple solutions. Additionally, Mr. Samir Shah, Managing Director of aurionPro Inc. has been appointed on the Board of Directors of PaySimple. This partnership will further help Aurionpro in extending its expertise in the payment solutions space globally.