Global Services 100 Recognizes Induslogic for Leadership, Innovation, and Outstanding Performance

Vienna, VA - February 8, 2006 – Induslogic Inc. a leader in software product engineering outsourcing, announced today that it has been named among the Global Services 100, a ranking of offshore outsourcing service providers based on leadership, innovation and outstanding performance.

The 2006 Global Services 100 is a compilation of the world's most innovative service providers, selected on the basis of a research study conducted by Global Services and neoIT, an outsourcing advisory firm.

Global Services 100 identifies global service providers who exhibit excellence in the service offerings, rations, address client needs through service offerings, and manage their client relationships, while exhibiting thought leadership and innovation in their service offerings.

"Induslogic is extremely proud to receive this global recognition and to be in such great company along side so many of the who's who of our industry" said Peter Harrison, CEO of Induslogic. "We and our more than 70 ISV clients know Induslogic is special but it's great to receive this kind of validation for organizations as independent and well respected as these".

About GlobalLogic

Induslogic Inc. (www.induslogic.com), is a leading global provider of outsourced product development services 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 60 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, Gemalto, Mantas, Nextone, NorthStar, Par3, Polaris, Prolifics, and Mobile365.

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.

Induslogic is privately held and backed by Sequoia, NEA and Draper Fisher Jurvetson