Cambridge Solutions Ltd Appoints Blake Willardsen to Executive Vice President of BPO Sales and Business Development

BPO Services Industry Veteran to Drive Further Global Expansion

Greenwich, CT, April 24, 2008 — Cambridge Solutions Ltd., the strategic global outsourcing firm, announced today that Blake P. Willardsen has been appointed Executive Vice President of BPO Sales and Business Development. Mr. Willardsen will report to Wesley O’ Brien, President of Cambridge Solutions.

Cambridge's BPO division specializes in finance and accounting, process consulting, transaction processing, and claims and risk management outsourcing. In his new role, Willardsen will be responsible for expanding the current BPO capabilities and driving accelerated growth.

"Blake is a tremendous addition to our management team. His successful track record in the Finance and Accounting, Banking, Insurance, Healthcare and Telecommunication industries aligns with our plans to optimize our BPO division,” said Wesley O’Brien, President of Cambridge Solutions. "His wide range of experience in the BPO outsourcing industry, working with operation centers in India, Europe and North America, plus his history of building world-class sales organizations, will combine to serve us well as we expand into new verticals.”

Prior to joining Cambridge, Willardsen was EVP Sales & Business Development for Vanguard Info-Solutions, Inc., as well as a member of their Board of Directors. Under his leadership, Vanguard grew from $220m to over $570m in total revenue during his four-year tenure.

Previously, Mr. Willardsen was the SVP of Sales at StarTek in Denver, Colorado. Through his sales leadership, StarTek experienced record breaking growth and profitability. Previous to StarTek, he owned an IT outsourcing firm that also experienced tremendous growth and which was ultimately acquired by a national application software company.

"I am very proud to have been selected to lead the BPO sales group at Cambridge Solutions Ltd. and to work with such an outstanding group of sales executives, employees and the senior leadership team, commented Willardsen. “Cambridge Solutions Ltd. has a reputation for excellence and quality, and I look forward to helping build on its previous successes.” Mr. Willardsen received a double major in finance and marketing from Brigham Young University. He resides in Denver, Colorado with his wife Starlene and their two daughters. They have two older daughters currently attending college.

About Cambridge Integrated Services
Headquartered in Greenwich, Connecticut, Cambridge Integrated Services, a subsidiary of Cambridge Solutions Ltd., is one of the leading independently owned property and casualty claims and risk management services providers. Cambridge serves Fortune 500 self-insured employers, insurance carriers and public entities in the U.S., Europe and Australia. Claims services span workers' compensation; general, auto, professional and product liability; property and assumed/ceded reinsurance. Cambridge also offers a wide array of specialty risk management services including outcomes management and audit consulting, managed care, special investigations, structured settlements and subrogation/recovery services. For more information, visit: www.cambridgeclaims.com

About Cambridge Solutions Ltd.
Cambridge Solutions Ltd. (HQ: Bangalore, India; USHQ: Greenwich, CT.) is a strategic global outsourcing firm with deep expertise in:

  • IT business consulting, application implementation, software engineering, maintenance and support services
  • Business process outsourcing (BPO) for insurance, banking and financial services companies; process consulting; transaction processing, finance and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making.

The company employs 4400 professionals serving customers on four continents through more than 80 locations worldwide. With offices in the U.S., Europe, India, Singapore, and Australia, Cambridge serves Fortune 500 firms, insurance and financial services companies, and public entities around the world.

The company’s BPO subsidiary was named one of the top three best performing BPO companies by Global Services media and neoIT in 2006 and 2007, ranked as one of the top three leaders in human capital management. Cambridge Solutions was ranked as the 10th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP)’s “2007 Global Outsourcing 100” list, that appeared in a special advertising section in Fortune Magazine, improving its ranking from 28 last year. The company is listed on the major stock exchanges of India (BSE, NSE, MSE & ASE) under the ticker “CAMBRIDGE”. For more information, visit: www.cambridgeworldwide.com. In case of Investor Grievances, Please contact: Compliance Officer Ph : 080 3054 0000 Fax: 080 4115 7394 EMail : compliance@cambridge-asia.com

Safe Harbor
Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company.

Media Contacts:

Melissa Arulappan
Corporate Voice|Weber Shandwick
Phone: (91) 98450-22389
melissa@corvoshandwick.co.in

Cambridge Solutions Ltd.
Pradeep Chaudhry, CFO
Phone: (91) 98860-10174
pradeep.chaudhry@scandent.com

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