Kanbay Named One of IT Week's Top 50 Technology Innovators of 2005
Kanbay is the Only Offshore IT Services Provider Named to Top Technology Innovators List
ROSEMONT, Ill., Dec. 12 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (Nasdaq: KBAY), a global IT services firm focused on providing solutions to the financial services industry, was named one of the Top 50 Technology Innovators of 2005 by IT Week. Kanbay is the only offshore IT services provider named to the list.
Chosen by IT Week's editors, The Top 50 Technology Innovators of 2005 award recognizes companies, both large and small, in a variety of areas and technology fields that are developing today's most innovative technologies. IT Week is the only weekly IT magazine to electronically deliver the latest IT news to over 100,000 subscribers each week. The Top 50 Innovators list is featured in the December 5th issue.
Terry Logan, Group Publisher of Possibility Media which publishes IT Week, added that he was very excited about the magazine's compilation and couldn't wait to see what this year's innovators have in store for us in 2006.
"Kanbay continues to be a leader among offshore firms driving technology and business innovation, and has recently created a Global Business Innovation Group," said Aparna U. Katre, Executive Vice President of Global Business Innovation. "This includes a large number of technology and domain experts that bring cross-functional expertise to client engagements."
Working together, the Global Business Innovation Group and more than 4,500 Kanbay technical professionals contribute to create some of the IT industry's most innovative financial applications and solutions for approximately sixty of the world's leading banks, insurance companies and securities firms.
"Innovation and transformation of our clients' businesses is at the forefront of what we do," commented Ms. Katre. "Our focus on the financial services industry allows us to bring more domain expertise to our engagements than other firms with a strong offshore presence. We are pleased to be recognized as one of IT Week's Top 50 Innovators, and appreciate the recognition of our efforts by IT Week's staff."
About Possibility Media
Possibility Media is a privately held Florida corporation and was established as the result of several acquisitions of various web sites and media properties, together with Virtual Trade Shows and the technology behind the shows. Although based in Miami, the company has people all over the globe including the U.K., Australia, South Africa, India, Ukraine, The Netherlands and other Eastern European nations.
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 5,000 associates, Kanbay provides its services primarily to banking institutions, 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.
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 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 our Annual Report on Form 10-K for the most recently completed fiscal year.
