The acquisition of Regulus Group is a strategic one and will enable 3i Infotech to strengthen its positioning in the payment processing industry. 3i Infotech penetrates Fortune 100 customer base in the U.S. It creates a global player in payment processing solutions by integrating Regulus, J&B Software and 3i Infotech's products, software services and BPO expertise.

3i Infotech announced it has signed an agreement to acquire Regulus Group LLC (Regulus).  Regulus is the largest independent remittance provider and one of the leading providers of document (bills) processing services in the U.S. - addressing the full document lifecycle from print and electronic bill presentment to remittance.  Under the terms of agreement, 3i Infotech has proposed to acquire 100% of Regulus, including the company's products, trademarks and product brands.

Regulus reported revenue of approximately USD 148 million for the 12 months ended December 2007.  The cost of the acquisition to 3i Infotech is approximately USD 80 million with additional consideration of up to USD 20 million based on an earn-out linked to certain performance parameters. Upon closing, Mr. Richard Long, the current CEO will step down and  Ms. Kathleen Hamburger, current President and Chief Operating Officer, will assume the role of CEO.  Ms. Hamburger was recently awarded OutputLinks Women of Distinction Honor.  OutputLinks is the primary global research and information resource of the high volume transaction output (HVTO) industry and recognizes Contributions to the HVTO Industry. Regulus was advised by the investment banking firm Lane, Berry & Co., Boston, USA.

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