Finland, 29 June, 2011: ITC Infotech, a global IT services company and a fully owned subsidiary of ITC Ltd., today announced its strategic partnership with Solteq Oyj (NASDAQ OMX:STQ1V), a Finland-based IT service provider.

The partnership will enable ITC Infotech to expand its presence and offer support to its Nordic clients while Solteq Oyj will be able to utilize the full breadth of ITC Infotech’s services portfolio to deliver solutions in the Finnish market. ITC Infotech’s robust off-shore delivery model will also further enhance value realization for Solteq Oyj’s clients.

Speaking on the occasion, Mr. Bala Subramanian, Vice President - Europe, ITC Infotech said, “With the support of Solteq Oyj, we can strengthen and consolidate our Nordic presence. Solteq Oyj has proven expertise in offering services for the retail, logistics and manufacturing sectors. These complementary competencies will help us in offering a unique value proposition to clients.”

Commenting on the partnership, Mr. Repe Harmanen, CEO, Solteq Oyj said, “This co-operation will enable us to offer new services to our clients and to better compete in the market place. Now we can empower our teams with new skills, technologies and leverage ITC Infotech’s robust offshore delivery model for enhanced efficiencies. Software maintenance support services in SAP and Microsoft technology domains, the ability to provide agile proof-of-concept prototyping, and the possibility to further use ITC Infotech’s skills in product development will help us to achieve our strategic targets in this area”.

About Solteq Oyj

Solteq Oyj (NASDAQ OMX: STQ1V) offers operational and financial control services to commercial, logistics, industrial and public administration segments. Core offering is complemented with solutions for specialized retail management, maintenance and services management, as well as solutions for quality improvement and the management of systems in which master data is contained. Solteq was founded in 1982 and since 1999 the company’s shares have been quoted in the Helsinki stock exchange (Nasdaq OMX Helsinki). Solteq’s headquarters are located in Tampere and other offices in Helsinki, Lahti and Hämeenlinna.

For more information please visit: www.solteq.com

For further information, please write to: contact.us@itcinfotech.com