Story in the Economic Times of India Is Without Foundation According to PA Consulting...

Story in the Economic Times of India Is Without Foundation According to PA
Consulting Group

LONDON, April 20 /PRNewswire/ -- The story in the Economic Times of India, 20
April, "Cognizant in talks to buy UK firm Pa Consulting" -- which has also
appeared in a range of other publications -- is without foundation and
factually inaccurate from beginning to end. For the record:
-- PA's Executive team and Board are not, nor have ever been, in talks
with Cognizant about anything whatsoever. There is no truth at all in
the allegation of an acquisition of PA, nor any part of PA; nor in the
possibility of alliances, partnerships or the like.
-- The story contains incorrect information about PA, from our
operational
performance (we suspect that the article uses the results from one of
our many subsidiaries, rather than our overall results), to the
valuation of our firm, to the date of our foundation, and even how the
firm's name is spelled.

PA is a highly successful employee-owned global management and technology
consulting firm, working across the world with major companies in the private
and public sectors. We are one of the largest and most influential sourcing
advisory firms and we take very seriously our ability to give our clients
independent advice. The emphasis we place on this independence is one reason
why we would not pursue an alliance with Cognizant.

PA is seeking advice about the highly inaccurate financial performance
information given in the article, particularly as it understates PA's
financial performance and is in direct conflict with our audited information.
The correct information is publicly available and contained in our annual
reports at www.paconsulting.com.

In 2009, PA continues to build on our 2008 performance, where we achieved our
best year ever in terms of revenue, profit and margin.

SOURCE PA Consulting Group

Adam Adams of PA Consulting Group, +44-20-7312-4602,
adam.adams@paconsulting.com