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KARVY Global Services Launches a Suite of Investment Data Management Tools and Methodologies; New Service Offering Automates the Entire Data Gathering and Analysis Process.

HYDERABAD, India & NEW YORK -- KARVY Global Services Limited, the Business Process and Knowledge Process Outsourcing subsidiary of KARVY, the largest integrated financial services institution in India, today unveiled a new Research and Analytics service offering that automates the investment data operations process. Based on a suite of proprietary tools and methodologies, this data management offering also includes a software technology platform "K2," developed to ensure data integrity in investment management functions such as research, trading, risk management, and portfolio construction.

"KARVY is one of the most recognized and respected brands in the Indian capital markets industry," said Arthur Flew, CEO of KARVY Global Services. "KARVY's own operations reconcile thousands of trades, cash positions and other critical data on a daily basis, setting us apart from other outsourcing companies. The development of this unique service offering underscores one of our key differentiators in outsourcing - our in-depth expertise in financial services."

Designed for asset managers, brokerages, investment banks, research firms, and financial information providers, KARVY Global Services' data management offering allows professionals to focus on their core functions, rather than data entry and management. Completely customizable, Clients are able to select and purchase specific data items, without requiring the purchase of items that will not be used. Information is provided in a variety formats including Excel, Delimited Text, XML, or in the form of an Access Database file, XBRL template, or an RIXML template. Financial data reported by public companies is downloaded, cleansed, normalized, and delivered to Clients within one hour of its being filed on the SEC website.

"Ensuring data integrity is the most fundamental task in the capital markets business, whether you are a buy-side firm, a sell-side firm or an independent research company," said Kris Sakotai, VP and SBU Head, Knowledge Process Outsourcing at KARVY Global Services. "Our new data management solution facilitates trading functions, risk management processes and portfolio construction, based on accurate and reconciled data, while minimizing turnaround time and cost."

About KARVY Global Services

KARVY Global Services is the Business Process and Knowledge Process Outsourcing subsidiary of KARVY, the largest integrated financial institution in India. KARVY is ranked in India as the number one registrar, the number two depository participant, one of the top five brokers and the number five investment bank.

KARVY Global Services provides a full range of Knowledge Process Outsourcing (KPO - Research and Analytics), Finance and Accounting Outsourcing (FAO - accounts payable, accounts receivable, billing, GL services, purchasing, reconciliation, fixed assets), Transaction Process Outsourcing (TPO - back office processing for a range of industries including Investment banking, Brokerage, Banking, Insurance and Healthcare), Human Resources Outsourcing (HRO - payroll processing, benefits administration, records management, compliance reporting), and Voice and Technology Support Services (VTO - inbound and outbound call center services, helpdesk support, technology development, and application hosting).

Headquartered in Hyderabad, India, with three global delivery centers in Hyderabad, KARVY Global Services also has business development offices in New York, Los Angeles, San Francisco, Toronto, London, and Zurich. Additional information on KARVY and KARVY Global Services can be found at www.KARVY.com and www.KARVYGlobal.com.
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Publication:Business Wire
Date:Sep 18, 2006
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