Wharton and Infosys Award Entrepreneurs in Latin America
Tecmédica and Francisco Martínez de Velasco Receive Wharton

Santiago, Chile, July 1, 2005 — The Wharton School of the University of Pennsylvania and Infosys Technologies Ltd. announced the winners of the Wharton Infosys Business Transformation Awards (WIBTA) 2005 for Latin America at the Wharton School’s Global Alumni Forum in Santiago, Chile. The WIBTA “Enterprise Business Transformation Award” was presented to Chilean company Tecmédica for focusing on improving conditions for patients, health staff and administrators through an efficient use of IT. The WIBTA “Technology Change Agent Award” was presented Francisco Martínez of Mexico for being a role model among entrepreneurs in the high-tech industry.

Tecmédica was founded in 2000 with the mission of improving public and private healthcare quality, ultimately generating significant improvement in people's quality of life. Through an efficient use of ASP technology, Tecmédica aims to reduce inequality in access to healthcare services and the unequal distribution of resources. German Munoz, CEO of Tecmédica said, “We feel honored receiving this recognition. Tecmédica has crossed many barriers such as change resistance, digital illiteracy, health management barriers and of course technical barriers. This award gives us the strength to continue with this business model and other innovative projects.”

Mexican entrepreneur Francisco Martínez is a role model in the high tech industry. In 2000, Martínez formed BNC Neology, a company that integrates chips of Radio-Frequency Identification (RFID) with long-distance input-output devices. At the moment, BNC Neology is the only Mexican high-tech company that exports to Japan, China and the U.S. Commenting on winning the WIBTA, Martinez said, “This has been a tremendous experience and we hope it shows the way for other start-ups in Latin America, since we believe we’re the most devoted, professional and honest workers in the world.”

Entering its fourth year, WIBTA fosters the spirit of change and celebrates the success of organizations and individuals whose achievements showcase the best practices of using technology to create new business paradigms. The award was jointly presented by Patrick Harker, dean of the Wharton School, and N. R. Narayana Murthy, chairman of the board and chief mentor at Infosys Technologies Limited.

Announcing winners for WIBTA 2005-Latin America, Murthy said, “In today’s economy, innovation has become the key driver of growth. It has helped businesses face up to an intensely competitive environment; businesses today outgrow their competitors by out-innovating them. It has also enabled them to achieve real productivity and efficiency in their business processes. WIBTA applauds these trendsetters who leverage technology to effect revolutionary change.”

Commenting on the award, Harker said,” Three years ago, the Wharton School joined with Infosys Technologies Limited to express our shared commitment to business innovation through the establishment of the Wharton-Infosys Business Transformation Awards. We continue to be proud of the partnership that sponsors these awards, and we are delighted to join in honoring the companies and individuals selected this year.”

About Tecmédica
Tecmédica is a Chilean private company with social orientation focusing on improving conditions for patients, health staff and administrators through an efficient use of IT. The company was founded in 2000 with the mission of improving public and private healthcare quality, ultimately generating significant improvement in people's quality of life. Through an efficient use of ASP technology, TecMédica aims to reduce inequality in access to and opportunities for healthcare services and the unequal distribution of resources.

About Francisco Martínez de Velasco
As an innovating entrepreneur Francisco Martínez de Velasco has demonstrated to be a role model in the high-tech industry. In 2000, Martínez de Velasco with an initial US $10,000 investment formed BNC/ Neology, a company that design, manufacture and integrate RFID chips and read & write devices. At the moment, BNC/Neology is the only Mexican high-tech company that exports to Japan, China and the U.S., and has established itself as a role model for Latin American companies.

About WIBTA Jury
The distinguished jury panel for WIBTA includes Wharton Professor Harbir Singh, Edward H. Bowman Professor of Management and co-director of Wharton’s Mack Center for Technological Innovation; David Boyles, former COO of ANZ Banking Group; Esther Dyson, editor-at-large at CNET Networks; Michael Eskew, chairman and CEO of UPS; and Sir Paul Judge, director of the Schroder Income Fund. More details on the WIBTA jury and winners are available at WIBTA.

About Infosys Technologies Limited
Infosys (NASDAQ:INFY) defines, designs and delivers IT enabled business solutions. These provide our clients with strategic differentiation and operational superiority, thereby increasing their competitiveness. Each solution is delivered with the industry-benchmark Infosys Predictability that gives our clients peace of mind. With Infosys, they are assured of a transparent business partner, business-IT alignment with flexibility, 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 36,000 employees in over 30 offices worldwide. For more information, visit Infosys.

About the Wharton School of the University of Pennsylvania and the Mack Center for Technological Innovation
The Wharton School of the University of Pennsylvania is recognized around the world for its academic strengths across every major discipline and at every level of business education. Founded in 1881 as the first collegiate business school in the nation, Wharton has approximately 4,600 undergraduate, MBA, Executive MBA, and doctoral students, more than 8,000 participants in its executive education programs annually, and an alumni network of more than 80,000 worldwide. Bringing together leaders from business, government, and labor, the Mack Center provides a forum for probing critical issues, discussing research, and planning future study. As the umbrella organization for all of Wharton's technology management initiatives, the center supports the research and publishing activities of Wharton faculty members, and supports a student-run conference.