Conseco Selects Infosys for Multi-Year Applications Development and Maintenance Contract

BANGALORE, India--(Business Wire)--
Infosys Technologies Ltd. (NASDAQ:INFY) today announced that
Conseco, Inc. (NYSE:CNO) has selected Infosys for a five-year contract
to provide development and maintenance services to its key business
applications. Conseco, a leading insurance provider focused on
offering financial security for the life, health and retirement needs
of middle-market and senior Americans, is partnering with Infosys to
jointly support its extensive business applications. Conseco will be
able to leverage Infosys' capabilities and best practices in
applications management to gain operational efficiencies and enhance
business value.

"After carefully examining our options, Conseco selected Infosys
for this strategic outsourcing initiative because we are confident
that Infosys understands the rapidly shifting dynamics in the
insurance market, and brings to bear deep technical skills in an
innovative service model," said Russ Bostick, Conseco's executive vice
president and Chief Information Officer. "By partnering with Infosys,
we'll be able to jointly focus on developing and implementing
differentiating business solutions that will help Conseco continue to
drive future growth."

Under the terms of the partnership, Infosys will be supporting
several of the key mission-critical IT systems that power Conseco's
business - including new business, policy administration, claims,
audit management, marketing, and agent compensation. By centralizing
the support, maintenance and development of these applications with
Infosys, Conseco will be able to better navigate business cycles and
scale its applications and IT capabilities to meet business demands.

"Infosys is a company with broad capabilities and a cost-efficient
and innovative service delivery model," Bostick said. "We view Infosys
as a strong partner for complex work, and we entered into the
outsourcing relationship knowing we would like their advice and
implementation assistance with other applications initiatives. We've
already benefited by emulating Infosys practices in improving our
Conseco India Data Services subsidiary, which provides similar
services for other mission-critical Conseco systems."

Eric Paternoster, senior vice president, Insurance, Healthcare and
Life Sciences, Infosys Technologies, said the partnership will support
Conseco's business growth and operational excellence goals.

"Conseco is one of the central providers in the middle-market
insurance industry today," Paternoster said. "Understanding that
customers want enhanced services at a competitive cost-point has been
key to Conseco's success to date and Infosys is focused on helping
Conseco continue to deliver on that promise."

About Conseco

Conseco, Inc.'s insurance companies help protect working American
families and seniors from financial adversity: Medicare supplement,
long-term care, cancer, heart/stroke and accident policies protect
people against major unplanned expenses; annuities and life insurance
products help people plan for their financial futures. For more
information, visit Conseco's web site at www.conseco.com.

About Infosys Technologies Ltd.

Infosys (NASDAQ:INFY) defines, designs and delivers IT-enabled
business solutions that help Global 2000 companies win in a Flat
World. These solutions focus on providing strategic differentiation
and operational superiority to clients. With Infosys, clients are
assured of a transparent business partner, world-class processes,
speed of execution and the power to stretch their IT budget by
leveraging the Global Delivery Model that Infosys pioneered. Infosys
has over 91,000 employees in over 40 offices worldwide. Infosys is
part of the NASDAQ-100 Index. For more information, visit
www.infosys.com.

Safe Harbor

Statements in connection with this release may include
forward-looking statements within the meaning of US Securities laws
intended to qualify for the "safe harbor" under the Private Securities
Litigation Reform Act. These forward-looking statements are subject to
risks and uncertainties including those described in our SEC filings
available at www.sec.gov including our Annual Report on Form 20-F for
the year ended March 31 2007 and our other recent filings, and actual
results may differ materially from those projected by forward-looking
statements. We may make additional written and oral forward-looking
statements but do not undertake, and disclaim any obligation, to
update them.

Infosys Technologies Ltd, US
Peter McLaughlin, 213 268-9363 (North America)
Peter McLaughlin
or
Infosys Technologies Australia
Roger Langsdon, 61 417 376 433 (Australia)
Roger Langsdon
or
Infosys Technologies, India
Bani Paintal Dhawan, 080 2852 2408 (Asia Pacific)
Bani Paintal Dhawan
or
Infosys Technologies, Ltd., London
Nathan Linkon, +44 (0) 207 715 3445 (EMEA)
Nathan Linkon

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