WORLD ECONOMIC FORUM SELECTS ADITI TECHNOLOGIES AS A NEW CHAMPION

WORLD ECONOMIC FORUM SELECTS ADITI TECHNOLOGIES AS A NEW CHAMPION

Bangalore, 10 September 2007 – Aditi Technologies, a leading provider of offshore product development (OPD) services, has been chosen as a founding member of the World Economic Forum’s newly created Community of Global Growth Companies (GGC) at the inaugural meeting of the New Champions, held in Dalian, China, from 6th to 8th September 2007. Aditi is the only OPD Company and one of the three Indian IT services companies to be accorded this honor.

The World Economic Forum (WEF) defines these New Champions as the new generation of companies that will fundamentally change the global competitive landscape – companies that are fast growing, expanding outside their traditional boundaries, and reshaping the world they live in. The WEF has created the GGC community to support this next-generation of businesses as they navigate new geographies, markets, cultures, and regulatory systems on their way to becoming the industry leaders of tomorrow.

Klaus Schwab, Forum Founder and Executive Chairman, WEF, in announcing the creation of the new community of global leaders, welcomed the 125 founding member companies as those destined to join the ranks of global multinationals in the next 5 to 10 years. 40% of these companies are from Asia; 26% from Europe; 20% are based in the Americas; and 14% come from Africa and the Middle East. “This is a truly global community,” said Schwab.

Pradeep Singh, Founder and CEO, Aditi Technologies, who was present at WEF’s inaugural meeting of the New Champions 2007 said, “Aditi is honored to have been invited by the World Economic Forum to be a founding member of this remarkable community of fast growing, path breaking companies that are reshaping business and transforming society. The incredible collaborative energy present at the Forum meetings will enable this global community to make a true impact on business as well as some of the world’s most pressing challenges”. Aditi was also recognized as WEF’s Technology Pioneer in 2006, honored as a company that develops and applies highly transformational and innovative technologies in the area of information technology.

The meeting was hosted in close partnership with the government of the People’s Republic of China. It had 1700 participants from 90 countries, including CEOs from some of the world’s most successful companies, and international government leaders.

About Aditi Technologies:

Aditi Technologies is a R&D partner to software businesses, providing technology consulting and outsourced product development services. Its strengths lie in product conceptualization, design, and leverage of emerging technologies. Founded in 1994, it is headquartered in Bangalore, India, with offices in Seattle, Austin, Boston, Mountain View, and New York City, US. www.aditi.com

About WEF

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. www.weforum.org

Additional Information:

Inaugural Annual Meeting of the New Champions: http://www.weforum.org/en/events/AnnualMeetingoftheNewChampions/index.htm

Community of Global Growth Companies: http://www.weforum.org/en/about/Communities/GlobalGrowthCompanies/index.htm

List of GGC Members: http://www.weforum.org/documents/dalian07/GGC_community.pdf

For more details contact:

Gautam Mahtani / Benazir Akthar

Mob: 9886024977 / 9900222648

Email: gautam {at} gri.co(.)in / benazir {at} gri.co(.)in