Standard Chartered Subsidiary Scope International and Cambridge Solutions Ltd., Strengthen Partnership with Appointment of Jan Verplancke to Cambridge Board

Greenwich, Conn. – June 27, 2006: Cambridge Solutions’ partnership with Standard Chartered subsidiary, Scope International has taken a step forward with the addition of Jan Verplancke, chief information officer and group head of Technology & Operations of Standard Chartered Bank, to the Cambridge Solutions Ltd. Board of Directors. Verplancke joins eight distinguished members of Cambridge Solutions’ Board of Directors.

“We are very pleased to welcome Jan Verplancke to our Board of Directors, as well as Standard Chartered’s expanded involvement with our company,” said Chris Sinclair, executive chairman and CEO, Cambridge Solutions. “Jan brings an incredible wealth of experience to Cambridge Solutions; his knowledge will complement our board's existing expertise.”

Cambridge Solutions has formed an innovative knowledge partnership with Standard Chartered subsidiary, Scope International, for the banking and financial sector worldwide. The partnership combines Cambridge’s onshore presence in the banks’ host country and expertise in strategic global outsourcing with Scope International’s mature offshored operations and experience, know-how and credibility in financial services BPO. The liaison provides an ideal solution for banks to increase their profitability and focus their resources on growth and continued success.

“Cambridge Solutions’ value proposition in strategic global outsourcing brings a new opportunity for companies to reduce costs and improve quality and customer service,” said Verplancke. “We recognize that Standard Chartered subsidiary, Scope International, and Cambridge Solutions, are leading the industry in knowledge process outsourcing and in tapping the worldwide potential for productivity improvement through these services.”

“Jan Verplancke’s appointment to our Board is a further reflection of the strong alliance we have forged with Scope. Jan's international perspective and his deep understanding of the Banking domain will be a significant value add as Cambridge Solutions pursues its goal of being a leader in providing KPO and BPO services to the banking and financial services industry,” said Satyen Patel, Executive Vice Chairman, Cambridge Solutions while welcoming Jan Verplancke to the Board.

Prior to joining Standard Chartered, Verplancke was chief information officer at Dell for the Europe, Middle East and Africa (EMEA) region, where he was responsible for the expansion of business in new markets and consolidation of back-office operations. He achieved considerable cost reductions and process improvements for Dell.

Before joining Dell, Verplancke headed Systems for the Youth Category at Levis Strauss, U.S.A., where he was also responsible for the introduction of personal computers through Western European affiliates and for setting global technology standards as the chief architect.

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.

With offices in the USA, UK, India Singapore, and Australia, Cambridge will serve Fortune 500 firms and international financial services companies. Cambridge was named one of the top three performing BPO companies by Global Services media and neoIT, a leading offshore outsourcing advisory firm, in 2006, and was recently 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. For more information, visit: www.cambridgeworldwide.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 relating to these statements include, but are not limited to 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

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

Cambridge Solutions Ltd.
Tracy Mock
Phone: (1) 847-543-1681
tracy.mock@cambridge-na.com

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