Cambridge Solutions ranked among top five BPO companies in India by Dataquest

• Company recognized for its depth of services

September 18, 2007: Cambridge Solutions Limited, one of the leading BPO and ITO firms in the world, has been ranked No 5 in The BPO Top 20 list released by leading Indian IT magazine Dataquest. The listing was based on revenues generated for the year 2006-07. This is the first time that Cambridge was eligible to participate in the Dataquest BPO Top 20 as an Indian based company following its merger with Scandent Solutions in 2006.

The Dataquest Top 20 hailed Cambridge Solutions as “coming a long way to run outsourced high-value aviation claims operations” and that it went “against industry trends and played on depth rather than breadth.” Cambridge’s foray into the banking domain and the customized MBA programme it offers potential and existing employees were also highlighted by the publication.

“The Dataquest Top 20 ranking is further vindication of our strengths in the BPO industry. For a company that is all of five years old, this is a significant achievement,” said Christopher Sinclair, Executive Chairman and CEO, Cambridge Solutions. “Our strong financial performance reflects the faith our customers have in us and our ability to deliver incremental value to their business.”

Cambridge was also recently ranked No. 1 on the annual Top Ten BPO Full Service Transaction Processing list, compiled by Brown-Wilson Group, which is led by the authors of the best-selling book, “The Black Book of Outsourcing.” The company was also ranked within the top 10 in three other lists: BPO Mid-market firms (# 2), Full Service Banking BPO (# 4) and Finance and Accounting Outsourcing Accounts Receivable (# 7).

Additionally, Cambridge was named one of the top three “Best Performing BPO Providers” in the world for the second year by Global Services and neoIT, which also cited the company as one of the top three Leaders in Human Capital Development.

About Cambridge Solutions Ltd.
Cambridge Solutions Ltd. (HQ: Bangalore, India; USHQ: Greenwich, CT.) is a strategic global outsourcing firm with deep expertise in:

• IT business consulting, application implementation, software engineering, maintenance and support services
• Business process outsourcing (BPO) for insurance, banking and financial services companies; process consulting; transaction processing, finance and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making.

The company employs 4400 professionals serving customers on four continents through more than 80 locations worldwide. With offices in the U.S., Europe, India, Singapore, and Australia, Cambridge serves Fortune 500 firms, insurance and financial services companies, and public entities around the world.

The company’s BPO subsidiary was named one of the top three best performing BPO companies by Global Services media and neoIT in 2006 and 2007, ranked as one of the top three leaders in human capital management. Cambridge Solutions was ranked as the 10th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP)’s “2007 Global Outsourcing 100” list, that appeared in a special advertising section in Fortune Magazine, improving its ranking from 28 last year. The company is listed on the major stock exchanges of India (BSE, NSE, MSE & ASE) under the ticker “CAMBRIDGE”. For more information, visit: www.cambridgeworldwide.com. In case of Investor Grievances, Please contact: Compliance Officer Ph : 080 3054 0000 Fax: 080 4115 7394 EMail : compliance@cambridge-asia.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 regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, 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:

Melissa Arulappan
Corporate Voice|Weber Shandwick
Phone: (91) 98450-22389
melissa@corvoshandwick.co.in

Cambridge Solutions Ltd.
Pradeep Chaudhry, CFO
Phone: (91) 98860-10174
pradeep.chaudhry@scandent.com

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