Idhasoft Acquires Intelligium - Grows its IBM footprint

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Idhasoft announced today that it has recently acquired Atlanta based Intelligium, a leading Infrastructure Management Services company for an undisclosed amount of capital comprised of both cash and stock.

Idhasoft's key strengths - world-class full-service portfolio and a strong delivery organization - will accelerate our service offerings resulting in a client value proposition unrivaled in the market today

Idhasoft announced today that it has recently acquired Atlanta based Intelligium, a leading Infrastructure Management Services company for an undisclosed amount of capital comprised of both cash and stock. This acquisition will help consolidate Idhasoft's presence in the Infrastructure Management space with a focus on IBM Tivoli and Websphere services. Intelligium will become a wholly owned subsidiary of Idhasoft.

Idhasoft is a leading solution and IT services provider in the retail, banking, financial services, manufacturing, healthcare, and insurance domains. Intelligium will augment Idhasoft's offerings by combining its expertise in Tivoli and Websphere. Intelligium works closely with Fortune 1000 companies across industries, and it brings several client relationships and active engagements to Idhasoft.

Commenting on the acquisition, Alok Pathak, CEO of Idhasoft, said, "We had been looking for a strong IBM partner in the Tivoli and Websphere space and Intelligium's acquisition is our first step in that direction".

Naushad Ahmed, President and Chief Executive Officer Intelligium said, "With this transition we will be able to grow the Infrastructure Management practice for Idhasoft and leverage its Global Delivery Model, Outsourcing capabilities and its Fortune 500 client relationships. Our entire team is excited to be a part of Idhasoft, and the Infrastructure Management practice is looking forward to playing a major role in Idhasoft's goal of reaching $250 Million in revenues for the current fiscal year."

"This acquisition creates a broad range of market leading capabilities and it will provide a platform to deliver unprecedented opportunities to serve our customers," said Amit Mitter, Managing Director of Intelligium. "Idhasoft's key strengths - world-class full-service portfolio and a strong delivery organization - will accelerate our service offerings resulting in a client value proposition unrivaled in the market today", added Amit Mitter.

About Idhasoft
Idhasoft, with headquarters in Atlanta Georgia and Mumbai, India, is the fastest growing private company in India. Idhasoft provides end to end solutions for organizations across Retail, Banking, Financial services, Manufacturing, Healthcare and insurance domains. Idhasoft's goal is to be one of the top 50 Information Technology companies by December 2010. For more information, please visit http://www.idhasoft.com

About Intelligium
Intelligium is a world class and fast growing Infrastructure Management Services provider that is assisting its clients in planning and executing their investments in technology, design, and implementation of IT projects globally. Intelligium is an IBM business partner that enables its clients to better manage their infrastructure, operations and IT processes by deploying its expertise in Server, Network and Device Management, Storage Management, Security Management and SOA & Portal solutions.

Intelligium has been recognized by the Technology Association of Georgia (TAG) as a Top 40 Innovative Company for 2007, as also has received several awards and recognitions from Innovations Publishing, Robinson College of Business, Catalyst Magazine and IndUS Business Journal. For more information, please visit http://www.intelligium.com

For more information please contact:

Rich Velez
Vice President - Marketing
Idhasoft
+1-650-593-6900x704
rich(at)idhasoft.com

All brands and products are trademarks or registered trademarks of their respective holders. Copyright (C) 2008 Idhasoft. All rights reserved.

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Rich Velez
Idhasoft
650-593-6900
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Naushad Ahmed
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