Induslogic ramps up its operations with Lambent Merger

Merger Significantly Expands Mobile Product Development Expertise.

VA, Vienna - April 3, 2006 – Induslogic, a leading global provider of outsourced product development services, today announced its merger with Nagpur, India-based, Lambent, a global leader for mobile product engineering services. The merger is a key step in Induslogic's quest for leadership in the outsourced software product development market. The company will significantly increase Induslogic existing Mobile Center of Excellence, extending the company's capabilities to partner with leaders in mobile technology to assist them in building robust, effective and dynamic mobile software solutions that address the constantly changing standards and technologies.

Established in 2000, Lambent was an early adopter of Qualcomm's application development platform, binary runtime environment for wireless (BREW), and today has more than 200 employees dedicated to leveraging BREW technologies to partner with leaders in the development and testing of innovative wireless gaming and location based services (LBS) applications. Lambent has numerous ongoing development relationships including firms such as Sony Digital, Electronic Arts, iFone and THQ.

"As a best-of-breed provider of mobile product engineering services, Lambent significantly extends Induslogic's services reach and capabilities," said Peter Harrison, CEO at Induslogic. "The addition of Lambent's development teams' expertise in BREW and J2ME technologies will further accelerate mobile product development, test and porting for our partners. We are excited to make Lambent part of the family as we continue to raise the bar in outsourced software development services globally."

Induslogic already has partnerships with leading mobile solutions companies, including Gemalto, Par3, Polaris Wireless, Mobile365, and Telecommunication Systems Inc. In addition to mobile solutions, Induslogic partners with emerging software companies within the financial services, telecommunications, payment and consumer internet markets.

"Induslogic's reputation and expertise is well known within the industry," said Shashikant Chaudhary, president and CEO at Lambent. "Are partners include many of the leaders in the mobile industry and increasingly they look to us to be an end-to-end services provider. Our merger with Induslogic will boost our ability to deliver a more complete range of services that include a broader range of mobile skills and services."

About GlobalLogic

Induslogic, a leading global provider of outsourced product development services, today announced its merger with Nagpur, India-based, Lambent, a global leader for mobile product engineering services. The merger is a key step in Induslogic's quest for leadership in the outsourced software product development market. The company will significantly increase Induslogic existing Mobile Center of Excellence, extending the company's capabilities to partner with leaders in mobile technology to assist them in building robust, effective and dynamic mobile software solutions that address the constantly changing standards and technologies.

Established in 2000, Lambent was an early adopter of Qualcomm's application development platform, binary runtime environment for wireless (BREW), and today has more than 200 employees dedicated to leveraging BREW technologies to partner with leaders in the development and testing of innovative wireless gaming and location based services (LBS) applications. Lambent has numerous ongoing development relationships including firms such as Sony Digital, Electronic Arts, iFone and THQ.

"As a best-of-breed provider of mobile product engineering services, Lambent significantly extends Induslogic's services reach and capabilities," said Peter Harrison, CEO at Induslogic. "The addition of Lambent's development teams' expertise in BREW and J2ME technologies will further accelerate mobile product development, test and porting for our partners. We are excited to make Lambent part of the family as we continue to raise the bar in outsourced software development services globally."

Induslogic already has partnerships with leading mobile solutions companies, including Gemalto, Par3, Polaris Wireless, Mobile365, and Telecommunication Systems Inc. In addition to mobile solutions, Induslogic partners with emerging software companies within the financial services, telecommunications, payment and consumer internet markets.

"Induslogic's reputation and expertise is well known within the industry," said Shashikant Chaudhary, president and CEO at Lambent. "Are partners include many of the leaders in the mobile industry and increasingly they look to us to be an end-to-end services provider. Our merger with Induslogic will boost our ability to deliver a more complete range of services that include a broader range of mobile skills and services."

About Lambent

Founded in 2000 by Shashi Chaudhary (President and CEO), and Dr. Ramesh Jain, Lambent has established a reputation as a global leader for mobile product engineering services. Headquartered in Central India (Nagpur) and with offices in the USA and Australia, Lambent provides the flexibility, scalability and cost savings of offshore resources, whilst maintaining a local presence for continuity and onsite services.

With a clear focus on quality and reliability Lambent achieved ISO9001 status in 2001 and has maintained compliance ever since. Lambent continues to strengthen in the critical areas of Engineering, Quality Assurance and Management. This further expansion solidifies our position, ensuring the quality and timeliness of our services, providing access and communication for all our customers and partners.