Infosys Technologies Ltd [Get Quote] announced on Tuesday its selection as Best Outsourcing Partner by readers of Waters, a leading publication covering the needs of chief information officers in the global capital market firms.

Waters' ranking recognises the outstanding achievements of solution providers that help financial institutions generate revenue and service their clients efficiently, an Infosys statement said.

The Bangalore-based NASDAQ-listed was named the Best Outsourcing Partner over nine competitors and by a margin of more than double that of the closest competitor in the survey.

In May, editors of Waters invited the publication's readers and financial technology professionals to vote for the best hardware, software, financial service vendors and trading venues in the industry across 22 categories.

Nearly 600 individuals voted for the 2007 rankings, it said.