Acquisition to help CTE’s portfolio gain strategic advantage

Bangalore, Tuesday, January 22, 2008: - Cambridge Technology Enterprises, a global IT services provider and recognized as a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises of Global 2000 enterprises, today announced that it has entered into an acquisition agreement with Q-Soft Systems & Solutions, a privately held company based at Bangalore, India, for an undisclosed amount.

This is the third consecutive acquisition in this year for Cambridge Technology Enterprises including ComCreation and Reilly & Associates.

Incorporated in 1996, Q-Soft provides managed services to its clients using Oracle technology products and Unix / Linux systems. Head Quartered at Bangalore, Q-Soft is more than 200 people strong and has presence in Mumbai and Chennai. An Oracle certified partner, Q-Soft is a leader in the managed services segment in India catering to large and mid size markets offering database services, network management services, middle tier management and custom software development services of ERP solutions.

This acquisition would potentially bring in additional revenue in the ERP segment to CTE for the current financial year FY 2008, augment CTE’s service offering in the ERP segment with off shore Oracle services portfolio & bring the combined entity closer to CTE’s vision of being a ‘One stop shop for IT services for mid-sized enterprises’. It would also bring in many strategic advantages to CTE’s portfolio by enhancing CTE’s customer base notably and provide CTE with an opportunity to have a strong foot print in the Indian market by cross selling services and also increase its head count significantly.

Bhaskar Panigrahi, CEO, Cambridge Technology Enterprises said, “India is a strategically important market for CTE. CTE’s business model is built on the foundation of customer intimacy and technology innovation. Q-Soft’s long and strong relationships with their customers and strong technical competency will enable CTE to add excellent value and local support to existing and prospective customers. Also help CTE move up the value chain.” He further added, “CTE looks forward to continue to build and enhance our SOA competence and offering by cross selling services. I firmly believe that Q-Soft’s arrival in CTE group strengthens our commitment to expand and grow in India”.

Harshavardhan C G, Managing Director and Chief Executive Officer, Q-Soft Systems and Solutions said “This association gives us the twin advantage of offering more value to our customers. We see this acquisition to be symbiotic where we can benefit from each others strengths & become more responsive to the new business demands and changes.”

About Q-Soft Systems & Solutions:

Incorporated in 1996, Q-Soft provides support services to its clients using Oracle technology products and Unix / Linux systems. Head Quartered at Bangalore, Q-Soft is more than 200 people strong and has presence in Mumbai and Chennai. An Oracle certified partner, Q-Soft is a leader in the managed services segment in India catering to large and mid size markets offering database services, system administration, middle tier management and custom software development services of ERP solutions. Q-SOFT has been honored with many prestigious awards for its continuous support and excellent customer rapport by Oracle since inception such as ‘National Best Partner for the year 1996-97’, ‘Technology Partner for Oracle for the year 2000-2001’, ‘Partner of The Year - most Innovative Adoption of New Technology’ in 2004 to name a few and the most recent being ‘Partner of the Year 2007 - Customer Centricity’.

For more information, please visit www.qsoftindia.com

About Cambridge Technology Enterprises

Cambridge Technology Enterprises (CTE) is a global services provider dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries. Recognized as a thought leader and innovator of comprehensive Service Oriented Architecture (SOA)-based enterprise transformation and integration solutions and services, CTE provides solutions for all the business challenges. A CMMI Level 5 business innovator, CTE offers the same level of expertise to IT as it does to product development, business process outsourcing, and innovation consulting. CTE is a one-stop-shop for all global service needs. With offices throughout the US and the world, Cambridge Technology Enterprises focuses on local collaboration and global execution.


For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com.