Symphony Services Appoints Pradeep Chaudhry as Chief Financial Officer

PALO ALTO, CA and BANGALORE, INDIA, Nov 12 (MARKET
WIRE) --
Symphony Service Corp., a global company specializing in software product
engineering outsourcing services, today announced the appointment of
Pradeep Chaudhry as the new chief financial officer. In his position,
Chaudhry will oversee all financial operations, focusing on capital
structure, budgeting, financial reporting and managing communication with
the investor community. Chaudhry will be based in Bangalore and will
report to Gordon Brooks, president and chief executive officer, Symphony
Services.

"We are delighted to have an experienced financial executive such as
Pradeep join as a member of our leadership team. His financial leadership
in industries as diverse as telecommunications and financial services,
combined with his proven record of success managing world-wide financial
operations, will support our own growth in the US, Europe, India and
Asia," said Brooks.

Chaudhry brings with him more than 15 years of experience in the field of
Corporate Finance with significant expertise in the areas of mergers &
acquisitions, planning, pricing accounting, capital raising, tax and
regulatory issues. Prior to joining Symphony Services, he had successful
stints as chief financial officer at ISGN, Cambridge Solutions Ltd. and
Ind-Telesoft. At each of these companies, Chaudhry spearheaded financial
operations and was instrumental in maintaining investor relations and
raising capital. Earlier, he served in senior management positions at IBM
Global Services, Bangalore.

Chaudhry said: "Symphony Services' clear leadership in delivering
outsourced product engineering services to ISVs, software-enabled
businesses, and companies with products containing embedded software
recently reinforced by the Zinnov Consulting Ltd. ranking and pioneering
of outcome certainty tied to clients' business objectives, are strong
indications of the company's ability to deliver innovation. I'm excited
about this opportunity to help the company continue on its growth path as
it positively transforms its clients' business globally."

Analysts that cover the software product engineering market such as
Gartner, Zinnov Consulting Ltd., NeoIT and the Black Book of Outsourcing,
have recognized Symphony Services for its market leadership. The company's
focus on guaranteeing outcomes to its clients' product engineering
requirements is often cited. Symphony Services' ability to partner
closely with clients' high-performing R&D organizations to build
innovative products rapidly and economically, while linking results to
client business goals such as customer satisfaction and increased revenue,
sets the company apart.

About Symphony Services:

Symphony Service Corp. is the only global specialist providing software
product engineering outsourcing services that enable clients to achieve
outcome certainty. ISV's, software-enabled businesses, and companies whose
products contain embedded software partner with Symphony Services to
achieve their business goals: from improving product line revenue to
raising customer satisfaction, increasing product innovations and reducing
time-to-market. The company helps clients drive unparalleled innovation
while bringing predictability to costs, schedules and quality of the
outsourced engineering process. Symphony Services' capabilities across the
full product development lifecycle maximize the ROI for client engineering
organizations while delivering market-leading products in Telecom,
Healthcare, Energy, Automotive, Consumer Electronics, Financial Services
and Internet Commerce.

The company's risk-reward partnership models and focus on transparent,
metrics-driven value delivery ensures complete alignment with clients'
business and R&D objectives. Utilizing an approach centering on a
repeatable, industrialized process that drives productivity across all
client engagements while guaranteeing business outcomes, Symphony Services
is helping its clients successfully release over 1,200 software products
annually. Leveraging the product DNA and superior intellect of its people,
the company's approach leads to superior engineering on-time, on-budget,
outcome certainty guaranteed. Symphony Services is headquartered in Palo
Alto, Calif., with facilities in North America, India, Europe and China.
For more information, please visit www.symphonysv.com

Media Contacts:
Rob Halpin
Version 2.0 Communications
+1.617.426.2222
Email Contact

Tanuja Singh
Genesis Burson-Marsteller
+91 99863 62428
Email Contact

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