Cambridge Solutions Completes Sale of IT Government Business to Focus on Manufacturing and BFSI verticals

Bangalore, India, April 26, 2007 — Cambridge Solutions Limited (“Cambridge”), one of the leading knowledge-based ITO and BPO firms in the world, announced the completion of the sale of its Government vertical run under the Albion banner in the USA, as it refocuses its efforts to grow its manufacturing and BFSI business in the ITO segment while consolidating its position further in the BPO segment. The sale was concluded with Affiliated Computer Services, Inc. (NYSE: ACS), a US-based premier provider of business process outsourcing and information technology solutions in an all cash deal.

“We are pleased to announce this transaction, which will allow Cambridge Solutions to focus on its core high growth global outsourcing business. In addition, it gives us an opportunity to grow the services we provide in the manufacturing and BFSI verticals which constitute a large and growing business of ours,” said Chris Sinclair, Executive Chairman of Cambridge Solutions. “By doing so, we will deliver greater value to all our stakeholders.”

About Cambridge Solutions Ltd.
Cambridge Solutions Ltd. (HQ: Bangalore, India; USHQ: Greenwich, CT.) is a strategic global outsourcing firm with deep expertise in

• IT business consulting, application implementation, software engineering, maintenance and support services
• Business process outsourcing (BPO) for insurance, banking 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.
  

The company employs more than 4,300 professionals serving customers on four continents through more than 80 locations worldwide. With offices in the U.S., Europe, India, Singapore, and Australia, Cambridge serves Fortune 500 firms, insurance and financial services companies, and public entities around the world.

The company’s BPO subsidiary was named one of the top three best performing BPO companies by Global Services media and neoIT in 2006 and 2007, ranked as one of the top three leaders in human capital management, and ranked as the 28th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP)’s “2006 Global Outsourcing 100” list, that appeared in a special advertising section in Fortune Magazine. The company is listed on the major stock exchanges of India (BSE, NSE, MSE & ASE) under the ticker “CAMBRIDGE”. For more information, visit: www.cambridgeworldwide.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 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

Pradeep Chaudhry, CFO
Cambridge Solutions Ltd.
Phone: (91) 98860-10174
pradeep.chaudhry@cambridge-asia.com

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