Kanbay Wins LOMA Excellence in Education Award--CORRECTION
Prestigious Insurance Accolade Achieved for Professional Development Among IT Services Associates in The U.S. And India
ROSEMONT, Ill. - August 25, 2005 -- Kanbay International, Inc., a global IT services firm focused on providing solutions to the financial services industry, today announced that the company has been named a winner of the LOMA "Excellence in Education" Award.
LOMA is an international association through which over 1,200 insurance and financial services companies from over 80 countries engage in research and educational activities to improve insurance company operations. This prestigious award honors companies that have achieved excellence through their outstanding professional development and participation in LOMA's Education and Training programs.
Only 68 of the more than 1200 world-wide LOMA member companies have been awarded LOMA's Excellence in Education award this year. Kanbay achieved a 97.5% pass rate based on the 47 Kanbay associates who participated, and a 213% growth in LOMA certifications from the previous year.
"The industry winners of LOMA's Excellence in Education Award not only understand the importance of employee professional development in today's competitive financial services market, but they also practice it. They realize that companies must leverage their human capital by aligning employees' educational efforts with their organization's business objectives," says Joel Basarich, Ph.D., FLMI, ACS, Vice President&Managing Director, LOMA's International Divisions. "Kanbay's leadership has successfully accomplished that by creating an organizational culture that fosters professional development and continually educates employees to make empowered decisions on both business and personal levels. This award honors Kanbay's dedication to lifelong learning and professional development."
Kanbay strongly encourages its associates to take advantage of learning and development opportunities. This year it is estimated that Kanbay associates will receive 12 days of learning and development.
"Kanbay's people-oriented culture focuses on lifelong learning," said Cyprian D'Souza, Chief People Officer for Kanbay International, Inc. "Kanbay's learning approach focuses on enhancing technology skills, deep financial services expertise and leadership capabilities, to make it a holistic development program. We believe that continuous education fosters the personal growth of our associates and shows our commitment to our clients–to provide high-value IT consulting services."
About Kanbay
Founded in 1989, Kanbay International, Inc. (NASDAQ: KBAY) is a global IT services firm focused on the financial services industry. With over 4,700 associates, Kanbay provides its services primarily to banking institutions, credit service companies, insurance companies, and securities and investment 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. Further information about Kanbay can be found at http://www.kanbay.com.
