Secova eServices appoints K.S.Ramachandran as the Chief Financial Officer

Secova eServices appoints K.S.Ramachandran as the Chief Financial Officer

Chennai, India, July 12, 2007- Secova eServices, a Human Resource Outsourcing (HRO) firm, based in Chennai and the US, today announced the appointment of Mr. K.S. Ramachandran as the Chief Financial Officer (CFO). Mr. Ramachandran brings with him over twenty five years of senior level corporate financial experience across manufacturing, trading and IT industries in India and abroad.

Mr. Venkat Tadanki, CEO and Co-Founder of Secova eServices said, “We are delighted to have Mr. Ramachandran at Secova eServices. His experience across industries, in India and abroad will be of immense value to Secova as we are in our expansion phase. He not only has a proven track record, but also has the depth of financial experience that will be invaluable in helping Secova achieve its business objectives”.

On his appointment as the CFO of Secova eServices, Mr. Ramachandran said,” I am glad to be a part of Secova especially in its current phase of rapid growth. I believe Secova is well positioned to deliver value to customers with its unique mix of technology, processes and the Best-Shore platform ? in short, more value for money.”

Mr. Ramachandran will be based in Chennai. His previous assignment was as the General Manager (Finance & Accounts) of Covansys India, a globally reputed multinational software company. Mr. Ramachandran was actively involved in meeting the Sarbanes Oxley (SOX) requirements for Covansys. He was also involved in the implementation of various modules of SAP over the past few years in Covansys. Prior to Covansys India, he has worked in various manufacturing companies in India and abroad.

Mr. Ramachandran is a Chartered Accountant as well as a Cost Accountant from India with over twenty five years of financial experience in Indian and foreign companies.

About Secova eServices

Secova eServices was founded in late 2003 by Venkat Tadanki, Co-Founder of Daksh eServices Private Limited and includes a team of experienced professionals from the US and India. Secova has maintained long-term relationships with many of America’s leading corporations. Secova processes more than 80 million eligibility records, $1 billion in healthcare premiums, and manages over 450 vendor/carrier relationships annually on behalf of its clients. The “Best Shore” strategy allows them to shape each solution based on their clients’ corporate goals and strategies, utilizing each of their locations to deliver the solution that provides the best value, both in quality and cost – a new approach for mid-to large market companies looking to streamline their HR and Benefits Management operations. For more information, visit the company’s website at www.secova.com