3i Infotech launches MFund/AM at Gitex 2006

MFund/AM has been designed to streamline fund accounting, valuation and investment management. The solution is tailored for mutual funds, unit trusts, asset management companies, portfolio managers and financial institutions.

"Our MFund/AM solution addresses every operational facet of investment management, covering the entire gamut of functionality post-trade, right up to valuation," said Kalpesh Desai, Chief Operating Officer, 3i Infotech, Europe, Middle East and Africa.

"MFund/AM has been deployed extensively and effectively globally and it has become a benchmark in its class of solutions. We feel this market is ripe for this solution, as the investment market is maturing."

3i Infotech is participating in GITEX with a three-pronged strategy. It will seek to consolidate its position of leadership in Insurance IT systems, penetrate further in the mid-market segment with its ERP solution and establish its presence more strongly in the banking IT space.

"We have been participating in GITEX for nearly 20 years and see this as a perfect forum to interact with existing and potential partners who share synergy with us," said Hari Padmanabhan, Deputy Managing Director, 3i Infotech.

"The Middle East is currently in a tremendous growth phase and will continue to grow at this pace at least for the next three to five years. We believe we are in a position to seize the growing opportunities and cater to the technology needs that come with this growth."