2010 OUTSOURCING EXCELLENCE AWARDS NOMINATIONS NOW OPEN

New Delhi, April 16, 2009: The nominations for Outsourcing Center’s annual Outsourcing Excellence Awards, which honors the most distinguished outsourcing relationships worldwide, are now open. Known as the “Oscars” of Outsourcing, Outsourcing Center’s program was founded in 1997 and is sponsored by Everest Group and Forbes.

The coveted awards recognize outstanding examples of successful buyer-supplier outsourcing relationships in several categories, including Best Partnership, Best First Steps and Best BPO. An independent judging panel of industry experts will evaluate each nomination on criteria that includes such aspects as the relationship’s mutual benefits, collaborative way of working together, and business outcomes achieved.

Award winners from both the buyer and supplier organizations will be honored at a black-tie gala in New York City. Winners will also be featured in the annual Awards issue of Outsourcing Journal and a special outsourcing section in Forbes magazine. Additionally, winners will participate in an exclusive symposium to share lessons and insights with industry peers and enjoy an evening on the Forbes Highlander yacht.

“Everest Group’s Outsourcing Center works closely with industry leaders to identify, promote and learn from global best practices and trends by recognizing them through these awards, to facilitate industry improvement and growth,” says Gaurav Gupta, Principal & Country Head, Everest Group. In the past, several Indian companies including Wipro Technologies, Bank of India, Tata Steel and Bharti-Airtel have also won the Outsourcing Excellence Awards.

To view award guidelines and to obtain a nomination form, please visit http://www.outsourcing-awards.com. Nominations will be accepted through June 30, 2009. The fee for submitting a nomination is $1,500.

About Outsourcing Excellence Awards

Outsourcing Excellence Awards recognizes the world’s most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider. The annual awards program is conducted by Outsourcing Center, an online community specializing in thought leadership, best practices, and innovation in outsourcing. The program is sponsored by Everest Group, a consultancy helping companies create customized sourcing strategies and outsourcing relationships that are tailored to their specific situations, and by Forbes Special Sections.

For more information, please visit www.outsourcing-awards.com and www.outsourcing-center.com

About Everest Group

Everest Group (www.everestgrp.com) is a global consulting firm specializing in sourcing and offshoring advisory services. Since 1991, Everest Group has served as the trusted business advisor for hundreds of IT and business process outsourcing transactions worldwide. Everest Group offers services in IT Outsourcing and Business Process Outsourcing (BPO) such as Human Resources Outsourcing (HRO), Finance and Accounting Outsourcing (FAO), engineering services, IT applications and Infrastructure (ITO) and procurement. Everest Group has conducted over 600 client engagements since 1991, and served over 25% of companies in the Global 250.

The Group also runs Everest Research Institute (www.everestresearchinstitute.com), an autonomous research wing that serves as a central source of independent and objective strategic intelligence, analyses, and actionable insights for leading corporations, service providers, and investors in the global outsourcing and offshoring marketplace. To further augment its research and consulting practice, and to provide a competitive advantage to its clients, the Everest Group has an online publishing and marketing channel called Outsourcing Center (www.outsourcing-center.com).The portal hosts a wealth of free research, case studies and frequently conducts webinars on relevant topics for the industry.

If you need further details, please contact:

Puneet Khunger (+91 97170 22726)

R&PM:Edelman

puneet.khunger {at} edelman(.)com