An wholly owned company bags prestigious IT Award

New Delhi - September 5, 2006 – Lambent, a wholly owned company of Induslogic Inc, the biggest leading software development company in Nagpur, has been honoured with the prestigious Special Achievement Category IT Award by the Government of Maharashtra. This is part of an annual IT Award program instituted by the state government designed to recognize and reward IT companies for their contribution throughout the state. This is in recognition of Lambent being the largest IT contributor in the entire Vidarbha region in the year 2006. The Maharashtra government presents these awards on annual IT Day celebrations on the occasion of birth anniversary of former prime minister late Shri Rajiv Gandhi.

Mr. Shashi Chaudhary received this award recently on behalf of Lambent at Mumbai presented by Shri Ashok Chavan, Minister of Industries, Government of Maharashtra. Mr. S. Ramdorai, MD, TCS Mumbai was Chief Guest on the occasion.

"We, on behalf of Induslogic feel honoured and extremely happy that Lambent, a fully owned company by Induslogic has received such a prestigious award", said Mr. Mukul Jain, COO, Induslogic.

Other recipients included Infosys Pune, Wipro Technologies Pune for IT Software, L G Electronics, CMS Computers for IT Hardware, J P Morgan for IT ITES category.

About GlobalLogic

Induslogic Inc. (www.induslogic.com), is a leading outsourced product development services company and a partner to many emerging software leaders helping them bring great products to market in less time and at less cost.

Induslogic has developed a unique Joint-Venture model of partnering with companies to create a dedicated global delivery center. By leveraging its global facilities and world-class engineers, a partnership with Induslogic increases quality while dramatically reducing timelines and operating costs, often by more than 60%.

Induslogic is a pioneer in distributed Agile methods that shorten product cycles while ensuring the right features are implemented.

Today, Induslogic has active partnerships with more than 80 software product companies in a wide range of markets, including VoIP, Wireless, Security, Payment and Finance. Amongst others, our partners include industry leaders such as AOL, IBM, DreamFactory, Mantas, Nextone, NorthStar, Polaris, LavaTrading, and Avolent.

Induslogic is defining the future of the outsourced distributed software delivery model through a compelling combination of proven methodology, expert engineers, high standards of quality, and a 100% success guarantee.

Induslogic is headquartered in the U.S. with global delivery centers in India, and over 1,000 professionals worldwide.

For more information please visit www.induslogic.com.