SOURCE: Caneum, Inc.

May 12, 2008 09:45 ET

Caneum India Announces Continuing Certification of Its Business Management System to ISO 9001:2000 and ISO 27001:2005

GURGAON, HARYANA, INDIA--(Marketwire - May 12, 2008) - Caneum India Pvt. Ltd. (PINKSHEETS: CANM), a fully-owned subsidiary of Caneum, Inc., today announced continuing certification of its business management system to BS EN ISO 9001:2000 and ISO/IEC 27001:2005 management standards. The certifications have been awarded by BSI Management Systems [the leading global provider of management systems (http://www.bsigroup.co.in/en-in/Assessment-and-certification-services/Management-systems/) assessment and certification solutions] after detailed evaluation of the business management system of Caneum India for its conformance to the specified requirements of these global standards.

Following this achievement, Jesper Lindorff, CEO, Caneum India, said, "The continuing certification is a testimony to our vision to operate in accordance with global standards and best practices for software development and maintenance, project management, quality management and information security management."

Neeraj Sehgal, CTO, Caneum India, added, "This is a significant milestone in the journey Caneum India has undertaken to improve its management system and processes to be able to consistently deliver quality products and services to its customers."

Hemanta Bhatt, Quality Head, Caneum India, also added, "Caneum India is poised to scale up its operations to the next level by leveraging its integrated business management system. The existing management system will be further upgraded by incorporating best practices from other industry frameworks like Capability Maturity Model Integration (CMMI) and Six Sigma."

The business management system used by Caneum India has been derived by integrating the Quality Management System (QMS) and Information Security Management System (ISMS) with the purpose to deliver higher business value in a synergistic manner. This system comprises of policies and processes devised in accordance with the business needs and requirements of the above management standards. Caneum India uses this system for determining, designing, developing, delivering and deploying software products and services for its customers.

About Caneum, Inc.

Caneum, Inc. is a global provider of business process and information technology outsourcing services across vertical industries including technology, energy, government, transportation, financial services, education and healthcare. The Company provides a suite of business strategy and planning capabilities to assist companies with their "make versus buy" decisions in the areas of data, network, product development, product maintenance and customer support, and fulfills its services in-house, on-shore, near-shore and off-shore, depending on the business goals and objectives of its global customers. In parallel, the Company is opportunistically pursuing accretive acquisitions within its core outsourcing product and service suite in order to broaden its core capabilities, expand its customer base and supplement its organic growth. For more information, please visit the Company's web site at www.caneum.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.

Contact Information

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    Caneum, Inc.
    Suki Mudan
    President
    (949) 273-4007
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