Independent Research Firm Describes Kanbay's IT Services Offering
16 Novembre 2006 - 7:23PM
PR Newswire (US)
Kanbay 'fully capable' in technical and outsourcing capabilities
ROSEMONT, Ill., Nov. 16 /PRNewswire-FirstCall/ -- Kanbay
International, Inc. (NASDAQ:KBAY), a global management consulting,
outsourcing, technology integration and development firm, today
announced that independent research firm Forrester Research Inc.,
has included Kanbay in its survey of top technology and service
providers for retail banks. According to data released this month
by Forrester, retail banks are revamping technology services to
better serve customers in an ever-changing banking environment.
"Kanbay is a mid-size, high-end global IT services firm with deep
vertical expertise in the banking and financial services industry,"
Stephanie Moore wrote in the Oct. 3 Forrester report titled Which
Service Providers Can Help Retail Banks? Moore continued by noting
that "until very recently, Kanbay focused only on financial
services firms; however, since its acquisition of Adjoined, it now
has vertical expertise in several other industries ... In terms of
horizontal services, Kanbay is well-known for its business
intelligence expertise. It also has strong testing, compliance
(Basel II, AML, and SOX are all areas in which Kanbay has done a
significant amount of work) and application development and
maintenance capabilities. And Kanbay's Adjoined acquisition gives
it good ERP capability, plus two data centers in the U.S. The U.S.
data centers are strong differentiators, especially when competing
with the Indian pure-plays." The Forrester study breaks down
service providers according to banking needs, allowing retail banks
to identify the strongest providers in critical support areas
including management and technical consulting, applications
outsourcing capability and infrastructure outsourcing support.
"Kanbay provides clients with the best services according to their
targeted needs," said Raymond J. Spencer, Kanbay Chairman and Chief
Executive Officer. "Kanbay's growth over the last year, including
the acquisition of Adjoined Consulting, highlights our capabilities
and commitment to maintaining our recognition as a leading global
services provider." On Oct. 26, 2006, Kanbay announced that it has
signed a definitive agreement to be acquired by Capgemini, Europe's
largest IT consultancy firm, for $29 per share in cash, subject to
Kanbay shareholder and regulatory approval. About Kanbay
International, Inc. Founded in 1989, Kanbay International, Inc.
(KBAY) is a global IT services firm with approximately 6,900
associates worldwide. Kanbay provides a highly integrated suite of
management consulting, technology integration and development, and
outsourcing solutions through a proven global delivery platform to
clients focused on Financial Services and Consumer & Industrial
Products, as well as an emerging presence in the Communications
& Media and Life Sciences industries. Kanbay is a CMM Level 5
assessed company headquartered in greater Chicago with offices in
North America and India as well as London, Singapore, Hong Kong and
Melbourne. Further information about Kanbay can be found at
http://www.kanbay.com/ . Forward-Looking Statements This release
contains statements relating to projections or future results.
These statements are forward-looking statements under the federal
securities laws. We can give no assurance that any projections or
future results discussed in these statements will be achieved. Any
forward-looking statements represent our views only as of today and
should not be relied upon as representing our views as of any
subsequent date. These statements are subject to a variety of risks
and uncertainties that could cause our actual results to differ
materially from the statements contained in this release. For a
discussion of important factors that could affect our actual
results, please refer to our SEC filings, including the "Risk
Factors" disclosure in our Form 10-Q for the quarterly period
ending March 31, 2006. DATASOURCE: Kanbay International, Inc.
CONTACT: Megan Grabos for Kanbay, +1-312-861-4710, Web site:
http://www.kanbay.com/
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