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Topic: Kanbay

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	Kanbay International Reports Second Quarter 2006 Financial Results
		Kanbay's third party revenue growth accelerated in the quarter due to strong demand within the financial services industry, notably the need to support and upgrade legacy systems and mission critical applications.
		Of the $105.8 million in consolidated revenue, $72.8 million was contributed by Kanbay, excluding the Adjoined acquisition, and this represents an increase of 14 percent sequentially and 28 percent year-over-year.
		Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America and India as well as London, Singapore, Hong Kong, Tokyo and Melbourne.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-01-2006/0004407328&EDATE= (1177 words)

	Kanbay - Wikipedia, the free encyclopedia
		Kanbay's leadership team is not all based at company headquarters in Chicago—they are based across our regions to be close to Kanbay clients and associates, the company claims.
		Kanbay was founded in 1989 by Raymond J. Spencer, Dileep Nath, and John Patterson in Chicago, IL.
		In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo.
	en.wikipedia.org /wiki/Kanbay (855 words)

	Kanbay International, Inc. :: Kanbay International Announces Definitive Agreement to Acquire Adjoined Consulting and ... (Site not responding. Last check: 2007-11-06)
		Kanbay also announced that it entered into a definitive agreement to acquire privately-held Adjoined Consulting, a mid-sized provider of strategic and operational consulting, technology integration and outsourcing services to Global 2000 clients.
		Kanbay management had previously scheduled a conference call to discuss their results of operations for the fourth quarter and full year 2005 on February 22, 2006.
		Kanbay presents revenue excluding the impact of the sale of the products business, which is a non-GAAP financial measure, in the text of this press release and the accompanying supplementary financial information.
	sev.prnewswire.com /computer-electronics/20060213/CGM08713022006-1.html (1712 words)

	Kanbay opens third facility in Pune (Site not responding. Last check: 2007-11-06)
		Kanbay International, the US-based premier global systems integrator in the financial and security service sector, on Tuesday expanded operations in India by opening its third facility at Pune to meet the growing customer demand in the US, Europe and Asia.
		The decade-old Kanbay has been an early proponent of offshore outsourcing business model, and has benefited most by offering software solutions to its customers through the global delivery model.
		Kanbay's services for Household range across core businesses, including consumer and lending, mortgage, banking data, testing and internal messaging systems.
	www.rediff.com /money/2003/jul/16kanbay.htm (309 words)

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		For the full year 2006, Kanbay announced on a stand-alone basis that it is targeting revenues of at least $280 million dollars and diluted earnings per share of $0.88, which includes a negative impact of $0.17 cents per diluted share due to the implementation of FAS 123(R).
		For the full year 2006 including results of Adjoined Consulting, Kanbay is targeting revenues of at least $370 million and diluted earnings per share in the range of $0.79 and $0.83.
		Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in United States and India as well as Toronto, London, Melbourne, Hong Kong, Singapore and Tokyo.
	www.businesswireindia.com /PressRelease.asp?b2mid=9070 (1378 words)

	Capgemini to buy IT firm Kanbay Intl for $1.25 bln - Boston.com
		IT consultancy Capgemini is buying technology services group Kanbay International for $1.25 billion to accelerate its growth in India and bolster its position in finance consulting and in North America.
		The IT consultancy is buying technology services group Kanbay International for $1.25 billion to accelerate its growth in India and bolster its position in finance consulting and in North America.
		Kanbay achieved an operating margin of 13.5 percent in the first-half 2006.
	www.boston.com /news/world/europe/articles/2006/10/26/capgemini_to_buy_it_firm_kanbay_intl_for_125_bln (769 words)

	Kanbay Strengthens Global Insurance Practice
		Kanbay continues to grow its insurance practice with the addition of six new insurance clients in 2005.
		Fowler's addition to the global insurance practice is part of Kanbay's ongoing recognition that the insurance industry requires an innovative total insurance solution provider to help transform their business -- a partner heavy in both domain and technology expertise, including both core and peripheral IT systems.
		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.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-12-2006/0004248235&EDATE= (610 words)

	IT services firm Kanbay to address new industries \| InfoWorld \| News \| 2006-02-17 \| By John Ribeiro, IDG News Service (Site not responding. Last check: 2007-11-06)
		Kanbay International, an IT services firm focused on the financial services industry, plans to diversify into also offering services to the consumer and industrial products industries, according to an executive of the company.
		Kanbay currently gets a large proportion of its revenue from two of its largest investors, banking company HSBC in London, and investment bank Morgan Stanley in New York.
		Kanbay is targeting revenue of at least $370 million this year, including results of Adjoining Consulting which had revenue of $95.3 million last year, the company announced this week.
	www.infoworld.com /article/06/02/17/75503_HNkanbay_1.html (1229 words)

	Hot Growth Companies: Kanbay International Profile
		The ace in its pocket: Kanbay focuses on the financial-services industry, and it has a cozy relationship with British financial-services giant HSBC Holdings (HBC).
		Kanbay International Inc. provides information-technology services and to the financial-services industry.
		Kanbay provides its services primarily to credit service companies, including bank card and retail card issuers, payment processors, and technology vendors; banking institutions; capital market firms; and insurance companies in North America, Asia-Pacific, and Europe.
	www.businessweek.com /hot_growth/2005/company/KBAY.htm (333 words)

	US IT services company Kanbay expands in India \| InfoWorld \| News \| 2005-08-10 \| By John Ribeiro, IDG News Service (Site not responding. Last check: 2007-11-06)
		Kanbay International Inc., an IT services firm focused on the financial services industry, plans to have development facilities in India that can accommodate up to 6,500 staff by the end of the first quarter next year, according to an executive of the company.
		Kanbay currently employs about 3,800 staff at development centers in India, in Pune, Hyderabad, and Chennai, said Raymond Spencer, chairman and chief executive officer of Kanbay, in Rosemont, Illinois.
		Kanbay currently generates about 61 percent of its revenue from two of its largest investors, banking company HSBC Holdings PLC in London and investment bank Morgan Stanley and Co. Inc.
	www.infoworld.com /article/05/08/10/HNkanbay_1.html (1352 words)

	CIOL : News : Kanbay, Pegasystems to deliver BOM soln
		MUMBAI: Kanbay Inc., a subsidiary of Kanbay International, Inc., a global IT services firm, and Pegasystems Inc., has announced an alliance to develop and deliver business process management (BPM) expertise to financial services organizations.
		Working together, Kanbay and Pegasystems are leveraging their collective experience to create repeatable, high-value BPM frameworks for financial services organizations.
		To date, more than 25 Kanbay associates have been trained and are currently engaged alongside Pegasystems on several BPM projects for a large global banking organization.
	www.ciol.com /content/news/2006/106032410.asp (329 words)

	Kanbay News and Media Coverage
		Kanbay International, Inc., said Tuesday, its subsidiary, Adjoined Consulting, has entered into a several agreements to provide data-center services for Walter Industries, a seller of water-safety and conservation products, and its subsidiary, US Pipe and Foundry.
		Rosemont-based Kanbay International Inc., which develops software for financial services, said it has agreed to acquire privately held Adjoined Consulting Inc. for $165 million in cash and stock.
		Kanbay International Inc. agreed to buy closely held consulting and research company Adjoined Consulting Inc. for $165 million in cash and stock.
	www.kanbay.com /kanbay-news.aspx (311 words)

	Kanbay to set up technology centre in Bangalore (Site not responding. Last check: 2007-11-06)
		US-based Kanbay Inc, which sets up computer and software systems that classify customers and facilitate payments, plans to expand its staff in India by more than 50 per cent in 2003 to 1,900 people.
		Kanbay said in a statement it would set up a 700-strong technology centre in Bangalore that would start operating by December and treble its staff in India to about 3,000 in three years.
		Chicago-based Kanbay, whose global clients include insurance, banking and credit card companies, now employs 1,200 people at a technology centre in the western city of Pune.
	www.rediff.com /money/2003/feb/18kanbay.htm (252 words)

	Capgemini to Buy IT Firm Kanbay Intl for $1.25 Bln (Reuters) (Site not responding. Last check: 2007-11-06)
		IT consultancy Capgemini is buying technology services group Kanbay International for $1.25 billion to accelerate its growth in India and bolster its position in finance consulting and in North America.
		PARIS, Oct 26 - IT consultancy Capgemini is buying technology services group Kanbay International for $1.25 billion to accelerate its growth in India and bolster its position in finance consulting and in North America.
		Capgemini is to pay $29 per share in cash, representing a premium of 15.9 percent to Kanbay's closing share price on Oct. 25.
	www.financetech.com /news/showArticle.jhtml?articleID=193402583 (782 words)

	Kanbay Jobs - Employment Opportunities at Monster.com
		Kanbay is a global organization providing high-value, technology-based business solutions for our clients.
		From a business perspective, Kanbay focuses where it has the most expertise, the most industry veterans, and the most significant problem-solving experience-the financial services industry.
		With over fifteen years of experience in offshore, nearshore, and on-site development, Kanbay has continually invested in and improved upon its 3-tier delivery model, leveraging offshore economics with onsite convenience and regional expertise.
	company.monster.com /kanbay (503 words)

	Kanbay beefs up India operations
		We are growing rapidly and keeping in line with our global strategy, Kanbay India will expand to meet the growing needs of global financial services companies.
		Kanbay for the current recruitment phase, plans to hire a good mix of experienced professionals and fresher's.
		Of the total number of professionals Kanbay plans to hire, about 10% would be for higher-level positions.
	www.ciol.com /content/news/repts/103021704.asp (429 words)

	Kanbay - People & Technology: Powering Transformation
		Kanbay combines strategic insight, deep industry expertise, and agile, cost effective global delivery.
		Capgemini CEO Paul Hermelin and Kanbay CEO Raymond Spencer comment on the strategic importance of the acquisition.
		Kanbay International Signs Definitive Agreement to be Acquired by Capg...
	www.kanbay.com (398 words)

	ABC News: Kanbay Int'l to Buy Adjoined Consulting (Site not responding. Last check: 2007-11-06)
		NEW YORK Feb 13, 2006 (AP)— Software company Kanbay International Inc. said Monday it has agreed to acquire privately-held Adjoined Consulting Inc. for $165 million in cash and stock, in a deal expected to be immediately cash accretive.
		Kanbay, which develops service software for financial services, said the deal should be accretive on a Generally Accepted Accounting Principles basis within a year.
		The combined company will increase Kanbay's employee number to 5,700 from 5,200, and the number of its clients to 245 from 61, with 21 offices in the United States, Europe and Asia.
	abcnews.go.com /Business/wireStory?id=1614294 (248 words)

	[No title]
		Kanbay is headquartered outside of Chicago, but most of its employees are in India.
		Kanbay shares rose 13.2%, or $3.30, to $28.32 in morning New York trading.
		Kanbay's revenue nearly doubled to $114 million and it earned $9.7 million.
	www.marketwatch.com /News/Story/Story.aspx?guid={18BA0D81-876B-4C00-9713-6D789A25606A}&dist=rss&siteid=mktw (718 words)

	Capgemini U.S. \| Capgemini to Acquire Kanbay International
		This represents a premium of 15.9% to Kanbay’s closing share price on Wednesday October 25 and 28.3% to the average price during the month prior to announcement.
		Kanbay provides a highly integrated suite of management consulting, technology integration and development, and outsourcing solutions through a proven global delivery platform to clients focused on Financial Services and Consumer and Industrial Products, as well as an emerging presence in the Communications and Media and Life Sciences industries.
		Capgemini and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kanbay in connection with the transaction described herein.
	us.capgemini.com /news/current_news.asp?ID=593 (1323 words)

	Press Booth - Kanbay Acquires Accurum
		Kanbay International, Inc., a global IT services firm focused on the financial services industry, today announced it has acquired Accurum, Inc., an IT services provider to the capital markets industry.
		The acquisition is expected to be modestly accretive to Kanbay this fiscal year.
		Kanbay is a highly focused player in the IT space for financial services and Accurum's strength in capital markets complements Kanbay's existing expertise.
	press.xtvworld.com /article-print-4564.html (661 words)

	Kanbay International, Inc. :: Kanbay Named a Leader in the International Association of Outsourcing Professionals' ...
		ROSEMONT, Ill., Feb. 27 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (NASDAQ: KBAY), a global IT services firm focused on providing solutions to the financial services industry, this week was named a leader in the International Association of Outsourcing Professionals' first ever ranking of the world's top outsourcing service providers -- The Global Outsourcing 100.
		Kanbay was ranked a leader based on a number of criteria including revenue growth, a significant investment in people, processes and technologies, its ability to deliver value to customers though through offshore/onshore transformational IT engagements and its development of management systems that ensure the successful global delivery of services.
		"Kanbay has more than 5,200 associates around the world contributing to a culture that promotes the highest standards of excellence in service, support and technology innovation on behalf of our clients.
	sev.prnewswire.com /banking-financial-services/20060227/NYM18727022006-1.html (562 words)

	ITworld.com - Capgemini to acquire IT services firm Kanbay
		Kanbay has about 6,900 staff, of which the majority are in India.
		Capgemini had earlier announced that it would be increasing staff to 6,000 by the end of this year, and to 10,000 by the end of 2007.
		Kanbay currently gets a large proportion of its revenue from two of its key investors, banking company HSBC Holdings PLC in London and investment bank Morgan Stanley in New York.
	www.itworld.com /Tech/2428/061026capgeminikanbay (543 words)

	Kognitio - Press Releases
		"With this alliance, Kanbay has added new data migration expertise to its highly integrated suite of strategic solutions and will utilize the leverage of its global delivery platform to broaden the reach of Kognitio's established methodology and DFTK tools to the global marketplace," said David Smith, practice leader for Kanbay's Global Insurance Practice.
		Kanbay has seen a high demand for data migration technology among U.K. insurers and envisions opportunities throughout Europe.
		Kanbay will assist in the development as well as the promotion of the solution to its client base across the world.
	www.kognitio.com /news/pressreleases/index.php?id=33 (826 words)

	Kanbay acquires offshore finance services company Accurum - Computer Business Review
		The business model of Accurum is similar to that of Kanbay, which also utilizes an offshore development model for providing low-cost software services to its US clients.
		Kanbay employs 4,000 people, and provides IT consulting, software development, and systems integration services for clients including HSBC, Household International, Morgan Stanley, CitiFinancial, Development Bank of Singapore, ABN Amro, and Sun Life Financial.
		Kanbay became a public company in July 2004 when it listed on Nasdaq through an IPO that raised $93m.
	www.cbronline.com /article_news.asp?guid=74395BD0-ACF3-494B-8C7D-C94F6C201AE4 (503 words)

	Bloomberg.com: Technology (Site not responding. Last check: 2007-11-06)
		The board of Rosemont, Illinois-based Kanbay, most of whose employees are in India, recommended that shareholders approve the deal.
		India's exports of computer-related services, including managing computer networks, writing software, operating call centers and providing financial analysis for overseas clients from India, are set to increase 29 percent in the year ending March 31 to $30.5 billion, according to New Delhi-based the National Association of Software and Service Companies said.
		Kanbay, which has three sites in India, employs more that 5,000 people there.
	www.bloomberg.com /apps/news?pid=20601204&sid=aAa_.NZBM5X4&refer=technology (696 words)

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