Cambridge Solutions Ltd.* Ranks 28th on IAOP’s List of Top 100 Outsourcing Companies in the World

Bangalore, India – March 31, 2006: Cambridge Solutions Ltd., one of the largest knowledge-based IT and BPO firms in the world, with expertise in insurance and financial services announced today that it has been ranked 28th on the International Association of Outsourcing Professionals (IAOP)’s “2006 Global Outsourcing 100” List, appearing in the special ad section in Fortune Magazine. Cambridge has been selected in the “Global Outsourcing Leaders” category of the list.

“We're honored to be named on this prestigious list. This international recognition clearly validates the success of Cambridge Solutions’ unique strategic global outsourcing model,” said Chris Sinclair, executive chairman and CEO, Cambridge Solutions Ltd.

“With Cambridge, we have created a new approach to outsourcing that offers a comprehensive mix of onshore and offshore options that bridges the gap for companies between where they are today, and where they need to be tomorrow. Combined with our success in insurance claims management and ability to integrate our BPO services with our growing IT business, Cambridge helps companies to reach the next level of performance, efficiency and competitive advantage.”

According to Fortune, the top outsourcing companies demonstrate the quality and diversity of the outsourcing solutions available to customers today. The list is currently featured in Fortune’s March 27, 2006, print issue.

The “2006 Global Outsourcing 100” list is based on a survey conducted by IAOP, a global organization comprised of nearly 200 leading companies. The list is composed of 65 leaders and 35 rising stars from which Cambridge has been selected in the leaders category. The selection is based on a wide range of factors, including revenue and growth, service excellence, demonstrated competencies, and depth of management capabilities. The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery.

Cambridge Solutions Ltd. will have revenues of nearly $275 million a year, more than 3,500 employees, 82 offices on four continents, and more than 2,000 clients (including Fortune 500 companies). These clients include well-known names such as Bally Total Fitness, and Corporate Express; government entities including the U.S. states of Tennessee, Massachusetts, Minnesota and Wyoming, and Victoria and New South Wales (Australia) Work Cover Authorities; and international financial services companies including MasterCard, Bank of America, Citibank, J. P. Morgan, Lehman Brothers, NASDAQ and SWIFT. Cambridge was recently named one of the top three best performing BPOs by Global Services media and neoIT, a leading offshore outsourcing advisory firm.

* About Cambridge Solutions Ltd.
On March 13, 2006, the Honorable High Court of Karnataka approved the merger between Scandent Solutions Corp. Ltd., and Cambridge Services Holdings, LLC. The resultant merged entity is being renamed as Cambridge Solutions Ltd.

Headquartered in Bangalore, India, Cambridge Solutions Ltd., a Scandent Group company, will be a strategic global outsourcing firm with deep expertise in:

• Insurance claims and loss cost management services such as professional liability, product liability, medical malpractice, structured settlements and reinsurance.
• IT business consulting, application implementation, software engineering, maintenance and support services.
• Business process outsourcing (BPO), for insurance and financial services companies; process consulting; transaction processing, finance and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making.

With offices in the U.S.A., U.K., India, Singapore and Australia, Cambridge will serve Fortune 500 firms and international financial services companies. It was named one of the top three performing BPO companies by Global Services media and neoIT, a leading offshore outsourcing advisory firm, in 2006.

For more information, visit: www.cambridgesolutionsltd.com.

Safe Harbor
Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company.

Media Contacts:

Melissa Arulappan
Corporate Voice|Weber Shandwick
Phone: (91)-98450-22389
melissa@corvoshandwick.co.in

Scandent Solutions Corp Ltd.
Pradeep Chaudhry, CFO
Phone: (91)-98860-10174
pradeep.chaudhry@scandent.com

Scandent Solutions Corp. Ltd.
Satyen Patel, Exec Vice Chairman
Phone: (91)-99456-89631
satyen.patel@scandent.com

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