IN NEWS

Zensar acquires OBT Global

Pune, December 13, 2005: Zensar Technologies Limited, the global IT and BPO services firm today announced its acquisition of OBT Global Inc in the USA and its offshore affiliate OBT Global Pvt Ltd India in an all cash transaction. OBT is a profitable dual shore SAP services provider with a track record of outstanding customer satisfaction in SAP Implementation and Support, ABAP programming and SAP Help Desk services.

Zensar Technologies Chairman Harsh Goenka said “We have successfully positioned Zensar as a global player in four key areas – Offshore Development & Support, Application Modernisation, Oracle ERP and BPO during 2005. This acquisition positions us well to expand into SAP, one of the fast growth segments of the industry.

Ramesh Kodali, CEO of OBT who is based in the company’s US offices in New Jersey said “In our brief journey to success in SAP we have built a very capable team of 150 professionals and done excellent work for customers in the USA and India. We are excited at the growth prospects that will emerge through this acquisition by Zensar.”

Ganesh Natarajan, Global CEO of Zensar said “OBT gets us firmly into the SAP services business and their excellent track record, partnerships with the SAP organization for key verticals like Pharmaceuticals and Textiles and established presence in Hyderabad fit well into the strategic goals of the company. We expect to have over a thousand people providing ERP services to global enterprises by end of 2006.”

About Zensar Technologies

Zensar Technologies is among the top 25 software services providers from India. It is a joint venture of RPG Group, one of the leading Indian industrial houses and Fujitsu Services of UK, a US $ 4 billion Global IT services company. Zensar is the world’s first enterprise-wide SEI CMM Level 5 Company and now a CMMI Level 5 Company with industry expertise that spans Retail, Banking, Finance, Insurance, Telecommunications, Utilities and Manufacturing.

Zensar has more than 2500 employees with sales and marketing presence in US, UK, Germany, Sweden, Finland, Middle East, South Africa, Hong Kong, Singapore, Australia, Japan and China. The company delivers comprehensive IT and BPO solutions for its customers and has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), that provide its clients with high-quality business solutions and a rapid “go-to-market” capability, helping them to compete in the digital economy.

For further information on Zensar, please contact:
Prameela Kalive / Anu Alurkar
Strategy, Marketing & Communications Group
Zensar Technologies
020-56057856/56057857

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.