3i Infotech acquires G4 Software Technologies

3i Infotech Ltd has acquired the Rs8.4 crore G4 Software Technologies (India) Ltd, a niche company specialising in payments services, back office exception processing solutions and business process integration services.

Its payments services relates to financial network solutions for SWIFT, enterprise payments solutions, real time gross settlement solutions, migrating legacy payment solutions such as MERVA from a mainframe environment, 'single European payments architecture, etc.

G$'s back-office exception-processing framework is designed to detect real time event-based exceptions, which can be used in processes including mutual fund accounting and reconciliation, error ticketing / trade breaks for securities companies, claims processing / under-writing for insurance companies, business process integration services includes offering consulting services on IBM Websphere using technologies such as WBI Process Modeler, Workflow, Portal Server, Integration tools, MQ series, on mainframes, Unix and NT systems.

The consulting and payment services of G4 compliments with 3i's banking offerings and it expect a significant scope for IT consulting which 3i prepares to target in the near future.