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Scandent Wins $7.8 MM Software Contract from US State Government
Secures US$ 49 million of U.S. State Government contracts in last four months
Banglore, India - February 28, 2006: Scandent solutions, which has been gaining a lot of traction with Government health care projects in the USA, today announced a US$7.8 million contract from a U.S. State Government. The 18 month contract involves re-platforming the States system and covers an additional 6 months of warranty.
With this win, Scandent has now secured healthcare applications and development business of US$49million from three states in the USA over the last 4 months, which collectively are to be delivered over a three year period.
“This win is further iteration of our team's ability to provide great service and our overall ability as a company to continue to be relevant, flexible and responsive to U.S. State Governments ongoing development needs, " said Chris Sinclair, Chairman and CEO.
The project which initially began as a transfer implementation of their in-house system, matured along the way into an @vantage-based platform. The @Vantage product line from Scandent Solutions provides a full suite of Citizen Relationship Management (CRM) and Enterprise Resource Planning (ERP) capabilities for Health and Human Service (HHS) organizations.
About Scandent Solutions Corporation Ltd.
Scandent is a broad based IT services company that offers business consulting, application implementation, software engineering, maintenance and support services. It is promoted by Scandent Group, which has in its fold IT (Scandent Solutions) and BPO (Cambridge) companies that collectively employ over 3,500 professionals serving customers on 4 continents through over 70 locations worldwide. Scandent strives to deliver differentiated solutions with impeccable quality.
The IT services of the firm include strategy, application implementation, software engineering and support solutions. BPO services focus on process consulting; transaction processing including mortgage application and renewal; medical billing; finance, accounting, and banking back office support; insurance claims administration and processing; inbound and outbound contact centers to support all of these activities; and other transaction processes that require knowledge-based decision making.
On September 6, 2005, the Board of Directors of Scandent Solutions decided to merge the company with Cambridge Services Holdings LLC. The merger is subject to the requisite regulatory and shareholder approvals. The resultant entity will be renamed as Cambridge Solutions Ltd.
For more information about Scandent, visit www.scandentsolutions.com.
Safe Harbor
Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements.
The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services and BPO, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company.
Media Contacts:
Scandent Solutions Corp Ltd.
Pradeep Chaudhry, CFO
Phone: 98860-10174
pradeep.chaudhry@scandent.com
Scandent Solutions Corp Ltd.
Satyen Patel, Exec Vice Chairman
Phone: (44) 1344-297-901
satyen.patel@scandent.com
Melissa Arulappan
Corporate Voice|Weber Shandwick
Cell: + 91 98450 22389
melissa@corvoshandwick.co.in
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