Kanbay Ranked Among North America's Top Technology Integrators by CMP's VARBusiness Magazine
ROSEMONT, Ill., June 21 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (Nasdaq: KBAY), a global IT services firm focused on the financial services industry, has been recognized by CMP Media's VARBusiness magazine as one of North America's top technology integrators in its annual "VARBusiness 500" list. Kanbay was ranked #154 overall and #13 in the "fastest growing companies" category. In addition, Kanbay won VARBusiness' vertical market award for outstanding performance in financial services.
The VARBusiness 500 is a listing of the leading revenue producers among approximately 90,000 solution provider organizations, accounting for more than $334 billion in sales of information-technology (IT) services and products. The complete listing of the VARBusiness 500 was published in the June 13th issue.
"Companies like Kanbay are powering our national economic engine and keeping it competitive," commented Robert C. DeMarzo, publisher of VARBusiness.
"VARBusiness' recognition of our strong performance in the financial services industry is a result of our commitment to best practices in IT in this single market," said Raymond J. Spencer, Chairman and Chief Executive Officer of Kanbay. "This recognition is also a tribute to our associates, who consistently deliver high-value solutions that transform our clients' businesses."
About Kanbay International, Inc.
Founded in 1989, Kanbay International, Inc. (Nasdaq: KBAY) is a global IT services firm focused on the financial services industry. With over 4,000 associates, Kanbay provides its services primarily to banking institutions, insurance companies, credit service companies and capital markets firms. The company uses a global delivery model to provide application development, maintenance and support, software package selection and integration, business process and technology advice, and specialized services. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in the U.S., Canada, U.K., Australia, Hong Kong, Japan, Singapore and India.
About VARBusiness Magazine
For the past 18 years, VARBusiness' strategic resources have been the gateway to the Solution Provider community. VARBusiness provides unique strategic business and technology insight for Solution Providers through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design. Additional information about VARBusiness products, events and services, is available on the magazine's Web site at http://www.varbusiness.com.
Forward-Looking Statements
This press release may contain statements which 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 the date of this press release, and such forward-looking statements 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 press release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
