In line with its strategy to grow internationally and increase its proportion of major offshore projects, Cybercom has launched an operation in Mumbai. With enterprises increasingly demanding offshore services, which provide best-of-breed solutions and offer cost advantages, Cybercom's offering becomes more attractive for customers.

"Going forward, we believe that about 15-20% of our revenues will come from offshore engagements," said Bengt Levin, executive vice president, Cybercom Group. "As part of our growth strategy, we're now focusing on India as an offshore base. And with Datamatics, we're investing in the country. India has a well-developed and mature IT service industry. We see this as business critical and important."

"The Nordic markets, particularly the telecom sector, are very attractive, and Cybercom provides a strong local customer interface which complements Datamatics strengths," said Rahul Kanodia, Managing Director, Datamatics Limited. "We believe that together we can provide enhanced service offerings and build a more competitive business together."

Cybercom and Datamatics will equally own the newly started entity. By May 2006, the company's organisation will be ready to meet customers' demands. A locally appointed CEO will run the new company and report to a board that consists of equal representation from Cybercom and Datamatics.

The Cybercom Group is a high-tech consulting company that offers business-critical IT solutions and guidance within telecom and selected technologies. Thanks to its extensive industry and operations experience, the company can offer technology expertise within telecom - for network and terminal development. Cybercom specialises in portals and mobile solutions, e-commerce and billing, embedded systems plus telecom management consulting and networks. Cybercom was launched in 1995; since 1999, its share has been quoted on the Stockholm stock exchange's O list (Stockholmsbörsen). The Group runs project worldwide and has offices in Denmark, Norway, Singapore, Sweden, and the UK. Cybercom currently employs about 430 persons.

Find out more at: www.cybercomgroup.com

Datamatics is an established IT consulting and services company offering a wide range of software solutions that help deliver superior business value. We conceptualize and develop industry-specific technology solutions that are tailored to our customers' requirements. We are deeply committed to our philosophy "Delivering Value through Technology", and our track record bears testimony to this. We have successfully undertaken and completed IT engagements for global corporations including Fortune 500 companies in 58 countries. Our domain expertise in focus areas including BFSI, Telecom, Manufacturing, ISVs and International Organizations enables us to offer business relevant solutions. Complementing this domain expertise is our focus on quality. We are committed to providing consistently high quality delivery-we are currently assessed at SEI-CMMi Level 5 and PCMM Level 5 besides being an ISO 9001:2000 certified organization.