Indian outsourcing juggernaut Infosys Technologies and Oracle Asia Pacific have issued a joint statement indicating they intend to form an alliance in the Asia Pacific region.

Commenting on the joint initiatives and relationship, Derek Williams, executive vice president, Oracle Asia Pacific, said, “The synergies between the two companies, together with Infosys’ strong business process knowledge and Oracle’s product innovation, will result in lower operating costs and improved focus to address the business needs of our Asia Pacific and global customers.”

The two companies are working together to provide a solution based on Oracle 10g technology for banks and financial institutions in Japan, as an alternative to mainframe technology. The partnership will address the business needs of global hi-tech and manufacturing companies in China through solutions based on the Oracle E-Business Suite.

In Australia, the two organisations will jointly offer solutions based on the latest financial services applications in the Oracle E-Business Suite, including lease management and Oracle Financial Services Applications (OFSA).

“Infosys and Oracle are committed to enhance the business value realized by customers in order to make them more competitive,” said Srinath Batni, member of the board, Infosys Technologies Ltd. “Oracle’s industry-specific applications, combined with Infosys’ focus on developing industry-specific solutions, will enable customers to use Oracle applications for their business advantage. With strong local presence in China, Japan and Australia and vast experience with Oracle technologies, we are strategically placed to jointly address the business needs of our customers.”