STG's Software Development and Services Division wins multi-year deal from PNB for migrating its core banking system.

Santa Clara, July 2003. Software Technology Group, a leading provider of offshore software development services announced that it has signed a major deal with Punjab National Bank. STG will help PNB migrate and implement Infosys's Finacle banking solution over a period of 24 months throughout PNB's branches that are located in all metropolitan cities and zones of India.

STG offers its Application Engineering and IT Realization services to a large number of Fortune 2000 customers ranging across industries. Through partnerships with leading edge technology companies like Sun Microsystems, IBM, Oracle, Microsoft, Infosys, et al. STG has gained significant experience in the banking industry.

"The fact that PNB has chosen to partner with STG and has entrusted STG to implement its core banking solution speaks to the talent and the trust PNB has placed in STG's methodology, its team, and its core capabilities," said Anil Chopra, President & Chief Operating Officer. "We see a tremendous opportunity for working with financial institutions in today's climate given the push all leading organizations have for automating processes and improving core efficiencies to achieve true bottom line results. STG is the ideal candidate for any organization that wants to partner with a trusted IT solution provider, focusing on leading edge technologies while providing world class customer satisfaction."

About STG
Software Technology Group (STG) is a technology driven company, providing world-class software consulting and training solutions to organizations and professionals. Established in 1993 to offer IT training in leading technologies, STG has experienced continual success and growth. In 1995, STG launched its Software Development and Consulting division that began offering its expertise in IT Realization and Application Engineering services. Today almost 10 years later, STG's training division has been continuously ranked in the top 3 preferred IT Training vendors in India (Dataquest Magazine) and its services division has matured to a level where it is able to offer its ISO 9001 certified services into a wide range of industries for a global clientele.