Cambridge Solutions Ltd. Ranks 10th on IAOP’s List of Top 100 Global Outsourcing Companies
Company rank moves from 28th to 10th in just one year

Greenwich, Conn. April 30, 2007 — Cambridge Solutions Ltd., one of the leading knowledge-based IT and BPO firms in the world, announced today that it has been ranked 10th on the International Association of Outsourcing Professionals (IAOP)’s “2007 Global Outsourcing 100” List, appearing in the special ad section in Fortune magazine.

“We are honored to be named on this prestigious list for the second year, which validates the success of our global strategic outsourcing model,” said Chris Sinclair, executive chairman and CEO, Cambridge Solutions Ltd. “Cambridge is one of the only companies offering both an expertise in IT and knowledge process outsourcing with a strong client-facing presence in the customer’s home country. Our approach lowers risk and increases value for firms interested in outsourcing, especially in verticals such as banking, financial services and insurance.”

According to IAOP, the top companies demonstrate the quality and diversity of the outsourcing solutions available to customers today.

Selection to “The Global Outsourcing 100” list is based on a wide range of factors, including revenue and growth, service excellence, demonstrated competencies, and depth of management capabilities. The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery; the top 100 and its sub-lists are essential reference guides for companies seeking new and expanded relationships with the best companies in the industry. The list is currently featured in Fortune’s April 30, 2007, print issue and online at www.fortune.com. 

The 2007 Global Outsourcing 100 List is also online at http://www.outsourcingprofessional.org/content/23/152/1197/.

In addition to its inclusion in the “2007 Global Outsourcing 100” list, Cambridge is also included on sub-lists in six specific verticals: financial services – banking; financial services, - insurance; financial management; government; information and communications technology management; and transaction processing. Geographically, Cambridge is included in the lists for best outsourcing companies in India and Western Europe.

The 2007 Global Outsourcing 100 Sub-Lists are online at http://www.outsourcingprofessional.org/content/23/152/1305/

About IAOP
The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. IAOP’s global membership encompasses almost 500 organizations from around the world representing almost every industry segment and functional activity. These members are responsible for more than $60 million in annual outsourcing spending. In total, more than 40,000 individuals working in the field of outsourcing are members or users of the association’s services. For more information, please visit www.outsourcingprofessional.org.

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 more than 4,300 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, and ranked as the 28th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP)’s “2006 Global Outsourcing 100” list, that appeared in a special advertising section in Fortune Magazine. 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

Satyen Patel
Executive Vice Chairman
Cambridge Solutions Ltd.
Phone: (44) 1344.297901
Mobile: (44) 788.194.3386
Satyen.Patel@cambridge-eu.com

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

Back to Press Releases