Kanbay Wins QAI Annual Testing Leadership Award
QAI India Recognizes Kanbay's Metrics Program on Increasing Return on Investment for Software Testing
ROSEMONT, Ill., July 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- Kanbay International, Inc. (Nasdaq: KBAY), a global IT services firm focused on the financial services industry, today announced that it has been awarded the QAI Testing Leadership Award at the 5th annual International Software Testing Conference held in Hyderabad, India. The Award recognizes leadership and contributions made in the field of software testing.
Kanbay won the Testing Leadership Award for their whitepaper, "High Business Returns Through Improved Testing Processes and Practices", written by Anuradha Saihgal, Senior Manager, and Rahul Nagar, Associate Consultant. This winning paper discusses how to increase return on investment by optimizing the testing processes and practices for all testing projects across the organization.
"Software testing is a crucial part of the software development life cycle. The Award recognizes leadership and contribution in the field of software testing. Aimed at providing impetus and encouraging contribution to the testing processes, skills and principles, the award also encourages breakthrough achievements and innovative approaches in the testing process that aim to make successful products and services in the IT Industry," said Navyug Mohnot, QAI India. "Kanbay has won this year's Award which saw a record number of entries. We congratulate Kanbay on institutionalizing a process that helps in increasing return on investment for testing for organizations."
In their winning paper, Ms. Saihgal and Mr. Nagar highlight the need for measuring the effectiveness of software testing, an area where a considerable amount of time and money is spent. They identify opportunities to increase business benefits through implementation of process improvement across the organization. The paper illustrates this with the help of real life case studies which highlight the impact of process improvements and best practices. Examples from the winning paper include, reduction in defect rejection rate from 40% to 16%, reduction in effort variance from 59% to 19%, and an increase in the defect detection rate for cycle-1 from 60% to 80%.
"Kanbay is proud of Anuradha and Rahul for their thought-leadership and creativity, and we congratulate them on this commendable recognition by QAI India," said Steven Kent, Global Domain Leader for Kanbay's Independent Testing Practice. "Kanbay supports innovation and ownership as one of its core values and it is this culture that encourages our associates to achieve -- both in research and development, and with clients."
All the papers submitted for this award were subjected to three rounds of evaluations and short listing. In each round of evaluation, the papers were checked for content, concept, presentation, and value to industry. The rankings were provided by international experts.
The annual conference saw over 570 attendees and participation from over 100 IT companies globally.
For more information about Kanbay's Independent Testing Practice or to read an abstract of this award-winning whitepaper, "High Business Returns Through Improved Testing Processes and Practices", visit http://www.kanbay.com.
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 QAI India
QAI India set up in 1994 works with organizations for enterprise-wide deployment of process initiatives that contribute to 'Operational Excellence'. QAI's mission is to build and enhance competitive advantage through our services in Consulting, Training, Assurance, Benchmarking, Certification, Conferences and e-Learning. With a strong focus on the Software, BPO and other knowledge intensive verticals, QAI India has been consulting with clients on framework based models like CMM(R), PCMM(R), CMMI(R), COPC(SM) as well as Six Sigma, Risk Management, Project Management, Change Management, Knowledge Management interventions to name a few.
Forward-Looking Statements
This press release may contain statements, which are forward-looking statements under the federal securities laws. 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.
