Cambridge Solutions Named to World's Top 100 Outsourcing Companies List.Cambridge Also Makes Six Specialized Sub-Lists GREENWICH, Conn. -- Cambridge Solutions Ltd., one of the leading knowledge-based IT and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra firms in the world, has been named to 'The International Association of Outsourcing Professionals (IAOP IAOP International Association of Outsourcing Professionals )' "2007 Global Outsourcing 100" list. In addition to its inclusion in the top 100 list, Cambridge is also included on sub-lists for the top firms in six specific verticals: Financial Services-Banking, Financial Services-Insurance, Financial Management, Government, Information and Communications Technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry Management, and Transaction Processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . Geographically, Cambridge is included in the lists for best outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million in India and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . The 2007 Global Outsourcing 100 recognizes the world's best outsourcing service providers. It is based on applications received and evaluated by an independent judges' panel. According to Christina L. Powers, Executive Director, IAOP, "Making the Global Outsourcing 100 list is a real accomplishment for both the established leaders in our industry as well as for its up and coming rising stars." The selection is based on a wide range of factors, including size and growth, the customer experience, depth and breadth of competencies, and management capabilities. "Cambridge's selection in the IAOP lists recognizes our leadership position within the strategic global outsourcing industry, as well as our specializations in finance, insurance, finance and accounting, and transaction processing," said Chris Sinclair, Executive Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cambridge Solutions. "Our strong showing in financial services validates the value proposition that our offshore operations have brought to the market." 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 accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying (#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. The 2007 Global Outsourcing 100 list is online at http://www.outsourcingprofessional.org/content/23/152/1197/ 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. The Global Outsourcing 100, produced annually by IAOP, is devoted to featuring the best of today's leading outsourcing service providers and tomorrow's rising stars. Along with its publication by IAOP, the list will appear in the special advertising feature produced by IAOP in the April 30, 2007, FORTUNE 500 issue of FORTUNE[R] magazine. 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 support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services * Business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (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, which appeared in a special advertising section in FORTUNE magazine. The company is listed on the major stock exchanges of India (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). , NSE NSE - Network Software Environment: a proprietary CASE framework from Sun Microsystems. , MSE MSE Mouse (computer) MSE Materials Science & Engineering MSE Mean Squared Error MSE Mean Square Error MSE Master of Science in Engineering MSE Manufacturing Systems Engineering MSE Mechanically Stabilized Earth & ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) 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 Mail: compliance@cambridge-asia.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 include 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 immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. ; 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. |
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