SOURCE: Exigen Services

September 18, 2008 08:30 ET

Exigen Services' Four-Year Growth Cycle Continues Through 1H2008, Achieves Prestigious Inc5000 Ranking

SAN FRANCISCO, CA--(Marketwire - September 18, 2008) - Exigen® Services, the leading next generation application outsourcing provider, today announced the continuation into 1H2008 of its 43 percent compound annual growth rate which started in 2004. The company's established global growth achievement has garnered them the title of one of the 100 fastest growing private IT services companies in America, according to Inc Magazine's 2008 Inc5000 rankings.

Highlights of Exigen Services' growth in 1H2008 include recording the highest mid-year bookings since 2004, of which more than 50 percent is from new customer projects. The company has signed many new customers, including a multi-year deal with Sun Microsystems, and completed a total of 74 new projects during 1H2008. Further growth within Exigen Services is underscored by the opening of two new development centers in Eastern Europe, bringing the total to 10 facilities globally, focused on application development and support.

A critical indicator of the industry's urgent need for Exigen Services' Outsourcing 2.0 approach, Agile methodology-based projects grew to outnumber traditional methods two-to-one during 1H2008. In addition, the amount of business governed by fixed-price commercial terms doubled, representing the continued momentum in Exigen Services' drive to alleviate customer business pressures by validating the company's corporate strategy, investment in new methodologies and ground-breaking ability to share risk.

"Our growth in the number of new Agile-based projects and those with fixed-price contract structures confirms the value in our approach and that the outsourcing 1.0 business model leaves room for improvement. By focusing on delivering results rather than providing labor arbitrage we are able to focus on world class execution and share project risk with our clients," said Alec Miloslavsky, CEO, Exigen Services. "Our innovative Flex-agility package was specifically design to minimize the risks of project cost overruns and delayed deployment. We always focus on the application functions that deliver the highest business value insuring that the right system is delivered at the right time."

Exigen Services' Outsourcing 2.0 approach provides world-class execution to resolve some of IT's greatest challenges. Using innovative combinations of methodologies, commercial terms and industry experience Exigen Services reduces the risks associated with most IT projects. The company focuses on providing packaged solutions designed to increase the value of offshore application development far beyond inexpensive labor. For information about Exigen Services' latest packed offering, Flex-agility, or their application IT outsourcing offerings, please visit www.flex-agility.com.

About Exigen® Services

Exigen® Services is the leader in Outsourcing 2.0, the next generation of global application outsourcing, and one of the top 100 IT services companies in America, according to Inc Magazine's 2008 Inc5000. The company combines world class skills, recognized expertise in development methodologies, and industry experience to reduce risks, lower costs and deliver results. Coupled with commercial terms that optimize financial alignment, Exigen Services makes IT outsourcing a much easier and beneficial undertaking for global enterprises. Since 2000, Exigen Services has pioneered the use of distributed Agile methods for rapid and precise systems development throughout the financial (banking, insurance and brokerage markets), health care, telecommunications, government and media industries. Clients range from Fortune 500 organizations to mid-sized growth companies including CSC, Universal Music Group, Standard & Poor's, T-Mobile, AXA, Westpac Bank and many others. For more information, visit www.exigenservices.com.

Contact Information

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    +1 415-402-2671
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