SOURCE: Caneum, Inc.

February 27, 2007 13:54 ET

Microsoft Corp. Renews Caneum India Pvt. Ltd.'s Designation as a Gold Certified Partner for 2007

Renewal of Gold Certified Partner Demonstrates Caneum India's Continued Expertise With Microsoft Technologies

NEWPORT BEACH, CA -- (MARKET WIRE) -- February 27, 2007 -- Caneum, Inc. (OTCBB: CANM), a global provider of business process and information technology outsourcing services, today announced that its Indian-based subsidiary, Caneum India Pvt. Ltd., has received a renewal by Microsoft (NASDAQ: MSFT) into its Gold Certified Partner program for 2007. With the renewal, Caneum India continues to be recognized by Microsoft as offering the highest level of competence and expertise with Microsoft technologies, with a particular competency on custom software and database development.

Jesper Lindorff, CEO and Managing Director of Caneum India Pvt. Ltd. and former CEO of Continuum Systems Pvt. Ltd. prior to the December 2006 acquisition by Caneum, Inc., commented, "With the renewal of our designation as a Microsoft Gold Certified Partner, Caneum has further demonstrated its commitment to the development and delivery of the highest quality solutions to its customers."

Allison L. Watson, Vice President for Worldwide Partner Sales & Marketing of Microsoft, further commented, "This gold certification was provided in recognition of Caneum India Pvt. Ltd.'s commitment and dedication to enabling people and businesses to realize their potential with Microsoft software solutions, and as recognition for providing a high level of technological proficiency and skilled delivery of valued services to technology customers."

As a Gold Certified Partner, Caneum India Pvt. Ltd. gains early access to new technology and the tools necessary to ensure comprehensive product development at Microsoft, including product betas for development and testing purposes, as well as prioritized referrals and advanced technical and marketing information, thereby giving Caneum India a competitive advantage over its peers.

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

  • Contact:

    Caneum, Inc.
    Gary Allhusen
    EVP, COO & Principal Financial Officer
    (949) 273-4000
    Email Contact

    or

    TMS Capital LLC
    Thomas Sauve
    (Investors / Media)
    (646) 245-2465
    Email Contact