Chennai, June 17, 2006: California Software Company Limited (Calsoft) has joined Microsoft’s Windows Embedded Partner Program to expand Windows Embedded software development services and solutions to OEMs under its wholly owned subsidiary California Software Labs (CSWL Inc.), which is a leading provider of embedded software development services.

Calsoft has been providing outsourced software development services to technology firms for over a decade. Having provided embedded software development in Microsoft Windows CE and Pocket PC for clients including Microsoft and HP, Calsoft has the expertise and resources to enable OEMs to bring their products to market faster and more cost-effectively.  Its membership in the Windows Embedded Partner Program will enable Calsoft subsidiary, CSWL to offer its development services to a broader range of OEMs on a global scale.

“CSWL continues to deliver innovative solutions on the Microsoft Windows Embedded platforms to equipment makers. We have worked with startups as well as large technology companies in introducing new products to the market faster. Our presence in the US market for over a decade, combined with our offshore development centers, make us an ideal choice for Windows Embedded software development. This partnership with Microsoft will broaden our reach and open new doors for us,” says Dr. J. K Nair Executive Vice President & COO, California Software Company Limited.

The Microsoft Windows Embedded Partner Program is a strategic worldwide program focused on providing partnering and co-marketing opportunities to companies delivering products, services or solutions based on Microsoft Windows Embedded platforms. Calsoft has expertise in developing device drivers, management interfaces, communication protocol implementations as well as mobile and embedded application software development on the Windows Embedded family of products.

“As a member of the Windows Embedded Partner Program, Calsoft gains the recognition of being a trusted Windows Embedded developer – one of a select group that OEMs can leverage to develop quality Windows Embedded solutions that meet our high standards,” said Jane Gilson, director of the Windows Embedded Partner Program at Microsoft.  “We welcome Calsoft to the program, and look forward to working with them to grow Microsoft’s presence in the embedded space.” 

CSWL is also an Adobe Flash Player Licensee partner and a Phoenix Technologies Trusted Alliance Partner. With these partnerships CSWL is consolidating its position as a cutting edge system integrator and software developer bringing together various technologies and platforms to implement integrated solutions for its discerning global clients.

California Software Labs (CSWL) is focused on providing specialized software engineering services to technology firms around the globe. Over the past 10 years CSWL has played a pivotal key role in assisting startups and leading technology firms to introduce innovative products to the market rapidly and cost-effectively. CSWL is a wholly owned subsidiary of California Software Co. Ltd.

Visit www.cswl.com for more information.

About Calsoft: California Software Company Ltd (Calsoft) is a public limited company in India with a global presence. Founded in 1992, Calsoft today employs over 600 employees. Its development practices are certified at CMMi Level 5. With development centers in Chennai and Bangalore, India and Pleasanton, (California), Boston and Omaha at USA, the group has marketing offices in the US, UK, Japan, Singapore, Dubai and India. Calsoft is listed in India at NSE (cali.ns) and BSE (cali.bo).For more detail on Calsoft visit www.calsoft.co.in

Ranking Underscores Cognizant’s Offshore Delivery Leadership for Healthcare Industry

Chennai—June 15, 2006—Cognizant Technology Solutions (NASDAQ: CTSH), a leading provider of IT services, today announced that the Company has been ranked the 21^st largest healthcare IT provider by Healthcare Informatics magazine in their 13^th annual survey of major healthcare information technology providers.

Cognizant jumped 14 places from last year’s ranking, based on revenue from healthcare customers, and was the 5^th fastest growing company by revenue growth, with a 51% year-over-year increase. Cognizant has been included on this list for the 4^th consecutive year.

“As a leading partner to several of the world’s largest healthcare companies, we have witnessed increased adoption of information technology as a strategic differentiator,” said Krish Venkat, General Manager and Head, Cognizant Healthcare and Life Sciences Practice. “Our focus is to increase value well beyond traditional cost savings for outsourcing implementations and deliver complete offshore solutions that enable our clients to improve customer processes, streamline business operations and achieve their strategic objectives.

“We are delighted to be included on this list of the top healthcare IT providers,” said Lakshmi Narayanan, President and CEO, Cognizant. “Our growth and success in the healthcare market is the result of the increased trust that we are earning from our customers as they engage with us more deeply via our consulting and domain expertise-centered approach to IT services.”

Cognizant’s Healthcare Practice is a strategic partner to leading healthcare and life sciences organizations and helps them navigate today’s dynamic healthcare environment by delivering high value IT and business solutions across the healthcare spectrum— pharmaceuticals, biotechnology, medical devices, payers and providers organizations. Leveraging its industry domain expertise, technical depth, and global talent pool of over 5,000 healthcare-focused associates, Cognizant’s Healthcare Practice provides comprehensive solutions covering healthcare IT consulting, transformation services, process optimization/reengineering, business process outsourcing, IT infrastructure services management, IT strategy consulting, regulatory compliance services, and IT applications development and management. Cognizant’s customers include 7 of the top 10 life sciences organizations, 3 of the top 4 leading national payers and several other leaders in the industry.

To read about the Healthcare Informatics 100 rankings, please visit:
http://healthcare-informatics.com/issues/2006/06/23/.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of IT services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management.

Cognizant’s more than 28,000 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and on-site client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named one of Forbes’ Best Small Companies in America for the fourth consecutive year, and ranked among the top information technology companies in Business Week’s Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index. Find additional information about Cognizant at www.cognizant.com.

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Virtusa’s campus recruitment drive will be conducted at:

KLN College of Engineering, Madurai -28th and 29th May, 2006
College of Engineering, Anna University, Chennai-31st May and 1st June,
2006
Government College of Technology, Coimbatore -3rd and 4th June, 2006
On Virtusa’s plans to recruit fresh graduates, TN Hari, Vice President and
Global Head of Human Resource,
 Virtusa Corporation, said, “Working on our unique productization model and
cutting edge technologies will be an
exciting opportunity for the graduates. In addition, we provide a very
conducive environment for learning and lay great
emphasis on training which is vital in shaping their careers.

Virtusa will be recruiting Engineering graduates from Computer Science,
Electronics & Communications, and IT disciplines.
The company will also be targeting MCA students. Students should have a
minimum of 72% marks without any standing
arrears. For any queries, students can get in touch with their respective
college placement officers or Virtusa,
Chennai (campus@virtusa.com).

About Virtusa

Virtusa is a global provider of software development and IT services to
Fortune 1000 enterprises and leading enterprise
software companies in the financial services, communications, and high
technology industries.  We are a new generation
global IT services company that delivers much more than cost savings.
Using our unique Productization® methodology,
 we Conceive, Transform and Optimize our clients’ information systems to
improve their business agility and efficiency.
Founded in 1996 and headquartered in Massachusetts, Virtusa has offices and
technology centers throughout the US,
UK and Asia.

Chennai, May 23, 2006 – Envox Worldwide, a leading global provider of voice solutions, today announced that it has added Servion Global Solutions, a leading provider of Customer Interaction Management solutions, as a global solutions partner. Under the terms of the agreement, Servion will develop and deploy voice solutions based on the entire Envox Worldwide product line. Together, the two companies will work to enable enterprise Contact Centers to easily migrate from legacy systems to standards-based voice solutions, including VoIP solutions that simplify network management, optimize Contact Center efficiency, and improve customer service.
“Our partnership with Envox Worldwide creates new market opportunities for us, especially in Contact Centers that are looking to benefit from new standards and technologies, such as speech, VoiceXML and VoIP,” said Shankaran Nair, Senior Vice President, Marketing and Business Development, Servion Global Solutions. “Companies that are looking at optimizing investments will find products from Envox an ideal fit as it enables them to leverage their existing investments in hardware, software and application development while adopting to newer standards and technologies”, he added.
“We are extremely pleased to partner with Servion Global Solutions,” said Mark D. Flanagan, President and CEO of Envox Worldwide. “Servion is highly respected in our industry for their consulting and application design expertise. We look forward to working with them to implement best-in-class voice solutions for enterprises throughout the world.”

Servion Global Solutions will now offer voice solutions based on the entire Envox Worldwide product portfolio:
·        Envox 6: the company’s open, standards-based communications development platform that enables customers to reduce the time, cost, and complexity of creating voice solutions;
·        Envox 6 VoiceXML Studio: a graphical development environment that accelerates the creation of VoiceXML solutions by 50 percent or more;
·        Envox CT Connect™: call processing software that enables business applications to manage, monitor, and control calls across multiple locations within the industry’s leading telephony switching environments such as Avaya, Alcatel, Cisco, Nortel, and Siemens among others; and,
·        Envox CT ADE: the market-leading IVR development tool, which is a collection of utilities that enables developers to create and deploy computer telephony applications more easily and more quickly than using traditional APIs.
About Servion Global Solutions
Servion Global Solutions is a fast-growing company that specializes in Customer Interaction Management (CIM) solutions. With more than 400 customers and over 1000 installations spread across 41 countries, Servion’s products and solutions handle more than 500 million voice/fax/ACD/Web/e-mail interactions per month.
 

Servion takes a consulting-led approach to optimize customer interaction for its clients. Servion offers solutions across eight segments of the CIM industry (technology consulting, Contact Center intelligence and reports, agent productivity, outbound interaction management, self service, workforce management, quality monitoring, and process management) to a wide range of verticals such as banking and finance, telecommunications, business process outsourcing, transportation, retail, and hospitality.
These CIM solutions are delivered through Servion’s Consulting and Engineering arms using five different services – application maintenance, custom development, product development, systems integration, and research and development.

For more information, visit www.servion.com

About Envox Worldwide

Envox Worldwide is a leading global provider of voice solutions. The company’s software and related services dramatically reduce the time, cost, and complexity of creating voice solutions. These products and services enable enterprise customers and service providers to significantly reduce operating costs, improve customer satisfaction and retention, and generate new revenue streams. Headquartered in Boston, Envox’s products and services are available through a network of global channel partners. For more information, please visit www.envox.com.

1) How important is the DIA Conference in Philadelphia for Take
solutions?
 
Extremely important.  The 42nd Annual DIA conference is a big event with over 350 sessions, 475 exhibiting companies, more than 1000 speakers, and approximately 40 tutorials.  Kimberly Warner, Director Operations at TAKE-ACI and Dr. Jonathan Seltzer, President of ACI will be speaking at the event.  TAKE will occupy a booth on the floor and plans to display the PharmaReady and OneClinical offerings.
 
(2) Will the two suites give an edge for your company and how?
 
We are the only player in the marketplace who is “talking about enabling end-to-end efficiencies in the Life Sciences space” and also “doing something about it”.  Our vision for the LS marketplace with our PharmaReady and OneClinical portfolio offerings will assist pharmaceutical and bio-tech companies to leverage our software products and also engage our domain experts for providing the best possible advice to take a drug to market.  We understand the drug development process and the regulatory aspects involved and hence are better suited to address these needs of our customers.
 
(3)  What is next coming up with Take solutions?
 
We will continue to seed our flagship products, PharmaReady and OneClinical with value added offerings to the LS customers and build the “critical mass” of confidence and trust that is so vital to this industry segment.

Bangalore, May 10, 2006: Bangalore-based Synergy Images, the company that specializes in offering turn key solutions for digital animation, game development, web technologies, multimedia, e-learning, , TV commercials and feature films is making history. The company has successfully created ‘Zampano’, an animated character for the soon-to-be-released Hindi feature film titled, ‘Friends Forever’, with Ashmit Patel and Hrishithaa Bhatt among others, playing the lead roles. For the first time ever in the history of Indian cinema, the animated character shares over 36 minutes of screen space with live action sequences.

The company also announced that it is growing very rapidly and plans to have over 350 employees by end 2007 from its current 150 employees. Synergy Images has gained many new customers and today counts many multinationals in various verticals like automobile, healthcare, consumer products, financials, game producers as its customers & is growing exponentially in the e-learning space, animation, gaming & SFX areas. Synergy Images has also entered the game development space with a big contract from USA.

Says Malini Subrahmaniam, President & CEO, Synergy Images, “We at Synergy Images were very thrilled to work on Zampano for the Hindi blockbuster ‘Friends Forever’. Creating the character from scratch was a great opportunity for our team & challenging too; the effort was well worth it, as we are more than satisfied with the end result. This also helps in reaching our goal of being the top creative services & gaming company in India by 2007 and the global leader in web & animation industries by 2008.”

 Zampano was created in over 10, 000 hours. The team that created Zampano had the task of making him a friendly, adorable character with cute actions and seemingly real emotions. The team started by putting their concepts on paper & then a clay model of their vision. Zampano got colored on screen & went through several iterations before he got his body, clothes & facial features. Little wonder why he is the most loved person in Synergy Images!

Synergy Images has been the precursor in the creative technical space for almost a decade now and is currently one of the top creative & gaming companies in India. With a vision to promote the creative talents in India and to make India the destination of choice for animation, gaming & other creative services, the company is poised to become the global leader in creative-technical solutions & services. There are plans to create its own IP and also to get into global production of animation & games.

About Synergy Images

This new RMI framework consists of an innovative model to assess the end-to-end   organizational   resilience and quantitatively compute the resiliency score of the organization. The model helps executives understand how varying the resiliency of different components impacts the overall resiliency of the organization.

RMI  can  enable  an  enterprise  to  dramatically  change the response and recovery  capability  from  being  an afterthought to an essential business imperative that will greatly enhance recovery efforts. The framework can be utilized to make investment decisions by quantitatively viewing the impact of an investment in a specific area on the overall resiliency score of the organization.  The  model  provides  a  ‘drill-down’ view of the resiliency score  at  different  levels of the organization, namely a resiliency Score for  the overall organization to an individual score for each business unit to  a  more  granular  view  of  defining  a  score  for  each component or sub-component in a business unit.

Researchers  at  the  IBM India Research Laboratory designed the Resiliency Maturity  Index  to  enable  quantifying  the  effect  of  failures  on an organization. This study recently published by the researchers demonstrated the  utility  of  the  RMI  for  multiple  scenarios,  including (a) making investment  decisions to reach a target RMI score, (b) assessing the impact of  expanding  the  organization,  and (c) making a decision or sales pitch concerning  outsourcing  (e) Helping clients understand how various service providers  compare  in  terms  of Resiliency prior to making an outsourcing decision.

The  RMI  framework  is  built on top of the Resiliency Maturity Assessment Framework  (RMAF)  developed  by  IBM  Zurich  Research  Lab and IBM Global Technology  Services.  The  RMAF  breaks  down  an  organization  into its components  which  can  be  assessed  independently for Resiliency. The RMI framework extends the RMAF by bringing out the interactions between these components and their influence on the overall organizational Resiliency.

This is significant since, in a recent survey of financial investment firm managers, 66% said risk management should be a strategic business function and embedded deeply into the fabric of the organization. Unfortunately, less than 45% of companies surveyed have ever conducted a company wide risk assessment or have a sound continuity of operations plan in place.

“Businesses  and  governments  operating  in  today’s  environment require capabilities  across  all  three  phases of crisis: readiness, response and recovery,”  said  Dr. Daniel Dias, Director, IBM India Research Laboratory. “Organizations face a growing number of threats from natural and man-made disasters or disruptive events that have costly, far-reaching impact.”

“Business leaders are faced with the challenge of keeping their enterprise running and growing-no matter what. Unfortunately, not every business is worried about continuity issues and maintaining a world-class continuity program. But failure to deal with risk, stay agile and prepare to plan for business   continuity can have disastrous consequences on operations, revenue, even intangibles like the company’s brand. Understanding what your risks are, where your exposure lies, and getting the business

Continuity process integrated throughout the organization are critical for your business,” he said.

“In the age of outsourcing and globalization, enterprises need to rapidly adapt and respond to internal or external dynamic changes – opportunities, demands, disruptions or threats – and continue operations with limited impact to the business. Failures or threats that can test the resiliency of an  organization  can  range  from  relatively  simple  power  and network failures,  to massive breakdowns from terrorist attacks, natural disasters, and  pandemics,”  says  Dr. Guruduth Banavar, Associate Director, IBM India Research Laboratory, Bangalore.

Organizations need a comprehensive way to analyze the resiliency of their operations   over a wide variety of failure modes.  In addition, an organization is sometimes dependent on suppliers’ and partners’ services to accomplish its activities.  In such cases, the resiliency analysis of a service provider organization ought to include the capabilities of the external entities that it is dependent on. For instance, pandemic Planning requires the organization to consider the implications of a failure. To customers and employees first and physical assets second.  Despite the best efforts of organizations to create business continuity and disaster recovery plans, few will have considered the impact of a widespread disease that would affect human resources more so than technical survivability.

The  value  of  the  RMI  framework  to  customers are that (a) it can help customers  determine  the  resiliency  benefits  of moving from an in-house operation  to  an  outsourced service vendor, and (b) it can help customers evaluate the relative resiliency of multiple service providers.  IBM is now working   with   the   Software   Engineering   Institute   (SEI)   at the Carnegie-Mellon University (CMU) to incorporate parts of the Assessment framework into an industry standard.

In  a  related  effort, IBM Researchers developed a “Skills Planning” model for  optimal  allocation  of  skills  (job  roles) across an organization’s multiple  sites  to minimize the impact of a disaster at any one site. This model  factors  in  various  operational  aspects  that  occur in practice, including  critical  workloads, skill levels, mobile workers, multi-skilled workers,   cross-training,   operations   in   shifts,   wage   costs and multi-location communication or management overheads.

IBM  is  already  a  leader  in traditional workplace recovery services for front-office  and back-office operations and this new solution is a logical progression  that  offers  additional choice and flexibility as enterprises look at all dimensions of their continuity program.