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Akibia, Inc. Announces Rebrand to Zensar Technologies

WESTBOROUGH, MA--(Marketwire - April 01, 2013) - Zensar Technologies, a global software services provider, today announced rebranding of the Infrastructure Management Services (IMS) business unit, formerly known as Akibia, Inc. to Zensar Technologies, as the final phase of the strategic acquisition made in November 2010. Several key executives have been appointed to further enhance and grow the Infrastructure Management Services business, including Vivek Gupta as Chief Executive Global IM business, and Doug Fallon as Vice President of US Sales.

"This is a very important milestone in the journey of Zensar Technologies and Akibia. Today Infrastructure Management drives many of our large deals and I am very confident that it will be IM that will power the growth story of Zensar to the billion dollar goal in 2017", said Dr. Ganesh Natarajan CEO and Vice Chairman, Zensar Technologies. "Unifying our corporate branding will better align us for future growth within the competitive IT marketplace. As we enter fiscal year 2014, Zensar is well positioned to deliver to its clients a deeper breadth of services, including our new Total Infrastructure Outsourcing offering, as well as expand our existing global delivery capabilities" continued Natarajan.

Vivek Gupta, Chief Executive, Global IM business said at the occasion, "I look forward to leading the IMS team as we continue to deliver world class products and services. The IMS business unit currently comprises 33% of Zensar's overall revenue and the continued growth of IMS will play a pivotal role in Zensar's corporate growth strategy". "Over the last 2 quarters, we have signed several large IMS contracts including a multi-year Total Infrastructure Outsourcing deal in which Zensar will provide one of our leading telecommunications clients with data center hosting, infrastructure and application services" continued Gupta.

Vivek Gupta, Chief Executive Global IM, has spent 27 years at Zensar, and has served a number of positions around the globe, including leading all delivery operations. He is credited for successfully growing Zensar's business in the UK from inception to a European-wide operation spread across the UK, Central and Eastern Europe as well as the Nordic countries. In 2001 Gupta moved to the US to head Zensar's Global Outsourcing services business which grew seven-fold over an eight year period. In his role as Chief Executive, Gupta has assumed responsibility for the day-to-day leadership and growth of the entire Infrastructure Management business.

Doug Fallon, Vice President of US Sales, has taken on executive responsibility for providing strategic leadership to Zensar's IMS sales team in the U.S. Fallon has 26 years of experience leading various divisions and business units within the IT services and outsourcing industry.

Ankit Ghosh, Senior Vice President and Global Head IM Consulting Practice will maintain responsibility for driving the growth and expansion of Zensar's multi-shore Global Infrastructure Management service offerings.

Scott Fiore, Vice President of Global IM Operations, will continue to lead Zensar's global technical support, logistics, and field engineering teams as well as the consulting and professional services functions. In addition Fiore will also continue to lead Zensar's IM alliance sales organization.

Zensar partners with clients to holistically align IT programs and goals with enterprise strategy to deliver flexible solutions that drive business process as well as improve the availability, reliability and performance of data center, security and compliance, and end user computing infrastructure. Utilizing its multi-shore methodology Zensar delivers best-in-class IT services through its global delivery centers including Westborough, MA; Slough, UK; Veenendaal, The Netherlands; Shanghai, China and Hyderabad, India.

About Zensar Technologies (www.zensar.com)

Zensar Technologies is among the top 15 software services providers from India. The world's first enterprise-wide SEI CMM Level 5 Company and later certified as a CMMI Level 5 Company Zensar has industry expertise that spans Retail, Manufacturing, Banking, Insurance, Healthcare and Utilities. An RPG Group company, Zensar has near 7000 employees with sales and operations presence across US, UK, Germany, Middle East, South Africa, Singapore, Australia, China and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, infrastructure management solutions, BPM and Knowledge Services. Zensar provides innovative Infrastructure Management solutions that enable leading companies worldwide to optimize, secure, manage and support their mission-critical infrastructure. As an independent advisor, Zensar partners with customers to deliver solutions that improve the availability, reliability and performance of their data center, network and security infrastructure. Using its multi-shore capabilities, Zensar combines expert consulting, integration and support services with world-class customer service to help IT organizations reduce costs, increase efficiencies and manage risk in the data center. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid 'go-to-market' capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.

About RPG Enterprises (www.rpg.com)

RPG Enterprises is one of India's largest industrial conglomerates. With over 16 companies in its fold, the group has a strong presence in 8 business sectors. Established in 1979, RPG Enterprises is one of India's fastest growing business groups with a turnover touching Rs. 17,000 cr. The group has more than sixteen companies managing diverse business interests in the areas of Power, Tyre, Infrastructure, IT, Retail, Entertainment, Carbon Black and Specialty.

Safe Harbor

Certain statements in this release concerning our future growth prospects 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 on 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, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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.