SunTec Names Raghav Sahgal President of Global Field Operations.

Strategic Hire from Comverse will Strengthen Sales, Marketing and Business Strategy Across SunTec's Financial and Telecom Services Worldwide

PRINCETON, N.J. -- SunTec Business Solutions, the leading provider of relationship-based pricing and centralized billing solutions, today announced the appointment of Raghav Sahgal as President - Global Field Operations.

Sahgal will be responsible for global field operations comprising sales, marketing, alliances and partners, as well as pre-sales functions. He will also spearhead business and organizational strategy for the company's telecom and financial services domains.

"Sahgal brings extensive expertise in sales and field operations," said Nanda Kumar, President & CEO of SunTec. "He has had the experience of forging small companies into the most powerful billing vendors in the world. It is this proven talent and leadership that will drive remarkable growth for SunTec sales," added Kumar.

Prior to joining SunTec, Sahgal served as Comverse's Chief Business Officer, Global Billing Sales and Field Operations. Sahgal brings more than 20 years of information technology experience, including a decade selling billing solutions at Kenan Systems to make its solution the number one billing system in the Asia Pacific region. Kenan subsequently became part of Comverse.

"It's Nanda Kumar's sheer vision and the superb capability of SunTec's product that has led me to take up this challenge," Sahgal said. "SunTec is perfectly aligned to capitalize on its intellectual prowess and continue leading the global transactions industry. I am excited to be a part of it," Sahgal further stated.

Sahgal has completed the Executive General Management Program at Harvard Business School, holds a Masters Degree in Computer Systems Management from University of Maryland and a Bachelors in Computer Engineering from Tulane University, USA. He will be based out of SunTec's Singapore office.

About SunTec (www.suntecgroup.com)

SunTec (www.suntecgroup.com) is a fast growing SEI CMM Level 5 specialty Relationship Pricing Relationship Pricing & Billing Solutions Company that offers enterprise-wide Transaction Value Management solutions for the Banking and the Financial Services and Telecom Industry. The flagship TBMS F Product Suite delivers value by way of its ability to handle complex value dynamics and effective management of the four critical entities of business - Customer, Product, Partner and Information. The Rule based TBMS F is rules driven and consists of sophisticated processing engines capable of enterprise-wide relationship-based pricing, billing, discounting and can also compute profitability at a micro transaction level. The comprehensive solutions help clients measure and monitor transaction value and grow their businesses. TBMS F is solution of choice by leading financial institutions that include a Global Bank, A North American Bank, ING bank, HSBC Group, Lloyds TSB and ICICI.

SunTec, headquartered in Trivandrum, India has offices in the US, UK, Europe and Asia Pacific.