FinCrest Information Services now a 100% EOU and STPI unit

Aug. 10, 2009 - PRLog -- FinCrest (www.fincrest.com), an offshore IT company specializing in custom software solutions for the financial industry and Knowledge Process Outsourcing (KPO) services in the areas of Investment/Equity Research and other Financial Data Services, has been approved as a 100% EOU (Export Oriented Unit) under the STPI (Software Technology Parks of India) scheme of the Government of India.

"What this means to FinCrest is that the company can utilize various tax concessions and other benefits of the STPI scheme to increase the financial strength of the company and achieve rapid growth", said Sreenatha Reddy, founder and CEO of FinCrest. "In addition, FinCrest, as a 100% Export Oriented Unit, can utilize infrastructure resources and export flexibility offered by the Government for IT and ITES export companies. This, in turn, benefits FinCrest’s clients."

FinCrest is currently providing offshore IT services to The NASDAQ OMX Group, Inc., the world's largest exchange company and is in talks with other financial institutions about its offshore IT services.

For more information, visit FinCrest’s website at http://www.fincrest.com or contact:

FinCrest Information Services Pvt. Ltd.
8-2-611/3, 2nd Floor, No. 5, Nishan-E-Iqbal
Road No. 11, Banjara Hills
Hyderabad - 500 034, INDIA
Phone: +91-40-23310665
US Direct: 301-528-0601
contact@fincrest.com

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ABOUT FINCREST

FinCrest is an offshore IT services company, located in Hyderabad, India offering high-quality financial and business information services to various financial institutions. In addition to IT services in application development/management areas, FinCrest offers data products via the Internet on its website and also through standard and customized data feeds using a subscription model. FinCrest specializes in Knowledge Process Outsourcing (KPO) services with a special emphasis on investment/equity research and financial data services. FinCrest provides services of experienced financial analysts and accountants on either full-time employee basis or on on-demand basis. For more information, visit http://www.fincrest.com.