Kanbay International, Inc. Announces Filing of Registration Statement for Initial Public Offering
ROSEMONT, IL - March 11, 2004 - Kanbay International, Inc., a global provider of information technology services and solutions focused on the financial services industry, announced that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of its common stock. The shares of common stock to be sold in the offering are expected to be offered by Kanbay and by existing stockholders of Kanbay. UBS Securities LLC is acting as the sole book-running manager for the offering. Robert W. Baird&Co. and Janney Montgomery Scott LLC are acting as co-managers of the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
When available, a preliminary prospectus relating to this offering may be obtained from UBS Securities LLC, ECMG Syndicate, 299 Park Avenue, New York, NY 10171 or from one of the other underwriters.
About Kanbay
Founded in 1989, Kanbay is a global provider of information technology services and solutions focused on the financial services industry. Kanbay offers a broad suite of services, including business process and technology advice, software package selection and integration, application development, maintenance and support, network and system security and specialized services, through its global delivery model. Kanbay provides its services primarily to credit card issuers, commercial and retail lending institutions, securities and investment management firms and insurance companies. Kanbay is headquartered in Rosemont, Illinois. The company has offices in the U.S., Canada, U.K., Australia, Hong Kong, Japan, Singapore and India.
