BANGALORE, July 27, 2012 /PRNewswire/ --

Forbes Technosys Limited, a pioneer in the field of payments processing and transaction management solutions & services, has emerged as the winner of the Global IT Architecture Excellence Award in the "Cloud Computing Technologies" category at the iCMG Enterprise & IT Architecture World 2012 event held on 25^th July 2012 at the Sheraton Bangalore.

"Cloud technology has been around for some time now, but the key is to leverage this technology effectively for deriving all the benefits, with respect to scalability, robustness, platform portability and cost. Forbes Technosys successfully leveraged cloud technology in designing and developing the Forbes Xpress platform, eventually passing on all the benefits of the cloud to the end consumers as well as the intermediary stakeholders," said Mr. Ajay Singh, CEO of Forbes Technosys Limited.

There were a total of 150 entries shortlisted from 27 countries, which were selected after three rounds of intense scrutiny and evaluation. Forbes Technosys was the sole winner in the Cloud Computing Technologies category, for the nomination of their Forbes Xpress Mobile Recharge & e-Distribution platform. Some of the winners in other categories included Lloyds Bank Group of UK, ICICI Bank, British Airport Authority, Bharti Infratel Ltd, Royal Bank of Scotland, Credit Suisse, Intel Corporation and Cathay Pacific Airways.

"Technology innovation has always been an integral part of everything that we do at Forbes Technosys. We strive to develop cutting edge technology to enable electronic delivery of services to end customers. This award recognizes and validates our capabilities to design and develop world class technology," said Mr. Ashok Barat, Chairman of Forbes Technosys Ltd.

Forbes Technosys is using Cloud technology to enable electronic delivery of a wide range of services such as banking, finance and retail services to customers through a diverse platform range such as mobile phones, PCs, hand-held terminals and self-service kiosks.

About Forbes Technosys

Forbes Technosys Limited (FTL) is a pioneer in Transaction Management Solutions. FTL provides services, solutions and networks that enable customers to manage their transactions more efficiently at a lower per transaction cost. FTL's customers include leading telecom companies, power & utilities, banks and financial institutions, airlines and government departments. FTL is a wholly owned subsidiary of Forbes & Company Limited (F&CL). F&CL is part of the Shapoorji Pallonji Group (SP Group) which has a turnover of over US $ 2.5 Billion. For more information, visit http://www.forbestechnosys.com

Primary Media Contact: Anuj Sahu, anuj.sahu@forbestechnosys.com, 91-9619887915

Secondary Media Contact: Daideepya Sharma, daideepya.sharma@forbestechnosys.com, 91-9769061840

SOURCE Forbes Technosys