March 24, 2005, Pune

Vertex Software Achieves SEI CMM LEVEL 5 - the Highest Level Of Software Quality Recognition.
Vertex Software Pvt. Ltd., Pune, today announced the achievement of Level 5 (Optimizing Level), the highest possible through an assessment on the Capability Maturity Model (CMM) conducted by KPMG. Vertex has joined the elite list of organizations with the distinction of having the highest quality rating - Level 5 (Optimizing Level) of the SEI's Capability Maturity Model for its software development services.

Capability Maturity Model (CMM) instituted by the Software Engineering Institute of Carnegie Mellon University, USA, is one of the most sought-after global quality assessment institutes in the software industry. The CMM ratings that range from Level 1 to Level 5, which are awarded after exhaustive evaluation involving analysis and review of software development capabilities, processes and products, help buyers determine reliable and low-risk suppliers of software products and services. Fewer than this number needs to be validated in the world have been assessed at a CMM Level 5 rating.

The assessment was conducted by assessment team led by Mr. Kamlesh Kothari from KPMG. Mr. Kothari noted “Vertex Software, Pune development facility has been assessed at the CMM Level 5 with scope as Software Development and Maintenance projects. This is a significant step and would help Vertex Software demonstrate its process capability during execution of software development projects”.

Mr. Ajit Patil, CEO Vertex noted “ SEI CMM Level 5 certification is a validation of the high quality systems and processes we have in our organization. For the US and Japanese companies looking to partner for offshore development, it will greatly increase their comfort level in Vertex after having attained optimal quality certification, guarantying the best level of services in software development.

About Vertex

Vertex Software Pvt. Ltd. (www.vertexsoft.com) is a 7 year old company with a unique revenue mix of 65:35 from Japan and US respectively. Vertex focuses on high-end work in mobile and web-services technologies. Vertex has been growing rapidly with Fortune 500 clients like Furukawa, Audi, JVC, JRI, Progress Interactive, Brainwave and others on the Japanese side and Software product companies like Northeastern University, Atlas Solutions, Armstrong Pumps, Konverge and Know, Softricity, Power Management Inc., Gametrust Inc. and others on the US side.

Besides Mitsui and Co. Ltd., Vertex also has a strategic business relationship with Furukawa Information Technologies, a subsidiary of a Fortune 500 global company Furukawa Electric. Vertex now has a total of 130 professionals in its Pune, Tokyo and Boston offices. Vertex is poised to cross Rs 20 Crore revenues in FY 05-06. Vertex growth plans call for 500 IT professionals to be employed at its Pune delivery center by 2007.

About SEI-CMM

The Capability Maturity Model for Software (CMM), of the Software Engineering Institute, Carnegie Melon University, Pittsburgh, PA, USA, is a framework that describes the key elements of an effective software process. The model describes an evolutionary improvement path to a mature and disciplined process, with the aim of meeting goals for cost, schedule, functionality, and quality of deliverables.

The Software Engineering Institute (SEI) is a federally funded research and development center sponsored by the U.S. Department of Defense. The Software CMM has become a de facto standard for assessing and improving software processes. Through the SW-CMM, the SEI and community have put in place an effective means for modeling, defining, and measuring the maturity of the processes used by software organizations.

For more information, please contact :

Tejaswini,

Vertex Software, Kapil Towers, Dr. Ambedkar Road, Pune - 411 001.

Tel: 020 66041653 (Direct)

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