ValueLabs awarded ‘Best Established Indian Company in the IT Sector’ for the Year 2005-06

Released: 31 May 2007, Hyderabad, India

Best Established Indian Company

Pranav Mariganti receiving the award fromthe Honourable Chief Minister Dr. Y.S. Rajasekhara Reddy

The “Best Established Indian Company in the IT Sector” for the year 2005-06 has been awarded to ValueLabs by the Honourable Chief Minister of Andhra Pradesh, Dr. Y.S. Rajasekhara Reddy on the 31st of May 2007 at a spectacular awards function organized by HYSEA at Hotel Fortune Katriya in Hyderabad. Notwithstanding with the traditional approach where CEO generally takes the award, the management at ValueLabs wanted the award to be received by one of its employees. The company promoting the spirit of teamwork in its true sense had randomly picked one employee which was destined to be Pranav, to receive the award. This was a good gesture on the part of the ValueLabs’ management that signifies the importance of each and every employee of the company. Mr. R Damodar Reddy, Honourable Minister for Information Technology and Communications, Government of Andhra Pradesh and Mr. Ramalinga Raju, Chairman of Satyam Computer Services Ltd., were among those who attended the function, which is considered as one of the most popular and the biggest IT awards ceremony.

This is the third time ValueLabs, one of the leading global IT services company based in Hyderabad with offices in Atlanta GA, Sunnyvale CA and multiple delivery centers in India and Malaysia received the award from HYSEA. The company had earlier bagged the “Best Indian SME” award in 2003 and the “Top SME Exporter of the Year” award for 2005-06 from HYSEA. Arjun Rao commented on the achievement ”This award is a recognition and an honour to the teamwork and dedication of all the employees of ValueLabs. We have proven time and again what can be achieved with teamwork.”

The Hyderabad Software Exporters Association (HYSEA) is a registered apex body with more than 300 members representing the software industry in Andhra Pradesh under the Andhra Pradesh Public Societies Registration Act.

ValueLabs is an offshore product development and services company established in the year 1997. The company was setup with a vision to deliver value to clients worldwide using an effective Global Delivery Model in the areas of Offshore Product Development, QA / Testing and Support. The company provides services to mid-sized and multi-billion dollar companies. Some of company’s satisfied client list includes TIBCO, Microsoft, Snapfish, Harman, Radiant Systems, Maxis, Astro, SHPS and Citibank.

Contact:

Dinesh Laxmanan

dinesh.laxmanan@valuelabs.com

Plot # 41, Hitec City, Phase II,

Hyderabad – 500081, INDIA.

Ph: +91-40-6623 9000 x39629

Fax : +91-40-66239100