KBAY Kanbay International (MM)

Kanbay Partners with Leading U.K. Data Migration and Business Intelligence Company to Expand Services Offering CAMBRIDGE, England, June 7 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (NASDAQ:KBAY), a global management consulting, technology integration and development, and outsourcing firm, today announced that its subsidiary, Kanbay Europe Limited, is engaged in an alliance with Kognitio, a leading provider of solutions to business problems that require acquisition, rationalization and analysis of both large and complex data, to develop and deliver best-of-breed data migration solutions to organizations around the world. The alliance brings Kognitio's longstanding expertise in the field of data migration together with Kanbay's unique global offshore delivery model, introducing Kognitio's proven data migration methodology and the Kognitio Data Factory Toolkit (DFTK) to an international market. With a strong background in helping U.K.-based organizations mitigate the risk and reduce the costs associated with complex data migration projects, Kognitio can now leverage Kanbay's global presence and service model, including both onshore and offshore development capabilities. This alliance will benefit global organizations that are seeking to offer customers better service and reduced operating costs by rationalizing the number of systems used to support their businesses. "With this alliance, Kanbay has added new data migration expertise to its highly integrated suite of strategic solutions and will utilize the leverage of its global delivery platform to broaden the reach of Kognitio's established methodology and DFTK tools to the global marketplace," said David Smith, practice leader for Kanbay's Global Insurance Practice. "In turn, we look forward to expanding our customer base to include Kognitio's existing clients, as well as new clients, who are seeking end-to-end solutions for their businesses delivered through a global delivery model." Kanbay has seen a high demand for data migration technology among U.K. insurers and envisions opportunities throughout Europe. As part of this alliance, Kanbay's consultants have been trained on Kognitio's data migration products, including Kognitio's data migration methodology and DFTK. Kanbay will assist in the development as well as the promotion of the solution to its client base across the world. "We are delighted to be able to access Kanbay's unique consulting model to take our data migration know-how and competence to organizations outside of the United Kingdom," said Roger Llewellyn, managing director of Kognitio. "Many companies in the United Kingdom have benefited from our data migration expertise and now, together with Kanbay, we can take that set of skills to other organizations around the world that are faced with the challenge of migrating data from one system to another either due to company acquisitions, compliance regulations or in response to a need to reduce operating costs." About Kanbay International, Inc. Founded in 1989, Kanbay International, Inc. (NASDAQ:KBAY) is a global IT services firm with more than 6,200 associates worldwide. Kanbay provides a highly integrated suite of management consulting, technology integration and development, and outsourcing solutions through a proven global delivery platform to clients focused on Financial Services and Consumer & Industrial Products, as well as an emerging presence in the Communications & Media and Life Sciences industries. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America and India as well as London, Singapore, Hong Kong, Tokyo and Melbourne. Further information about Kanbay can be found at http://www.kanbay.com/. About Kognitio Kognitio is an innovative, technology-rich company, providing leading-edge solutions to business problems that require the acquisition, rationalization and analysis of large or complex data. Kognitio's offering is centered around three areas: WX2, the fastest and most scalable analytical database on the market, managed services and data migration expertise. All three areas are complemented by an extensive professional services team helping to ensure businesses gain competitive advantage from their data. With its industry-leading analytical database offering, WX2, Kognitio is able to turn a company's raw data into valuable business insight fast, empowering its customers to realize comprehensive answers to critical business questions. Kognitio's managed services model allows its customers to focus on running their businesses and increasing the bottom line. By also adopting Kognitio's outsourced approach, customers are able to reduce start-up time and costs, as well as avoid expensive product acquisition costs. With a strong specialization in insurance (life and pensions) as well as financial services, Kognitio's data migration services help companies to provide lower risk and lower cost solutions to companies that are rationalizing and consolidating operational platforms. Kognitio has the largest independent migration services team in the United Kingdom. Headquartered in Marlow, United Kingdom, Kognitio delivers competitive advantage to its clients in various industries, including telecommunications (BT, ntl:), the financial sector (Marks and Spencer Money, Norwich Union, Prudential) and utilities (Scottish Power). For more information, visit the Kognitio website at http://www.kognitio.com/, call +44 (0)1628 400 000 or email Forward-Looking Statements This release may contain statements relating to projections or future results. These statements are forward-looking statements under the federal securities laws. We can give no assurance that any projections or future results discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" disclosure in our Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2006. DATASOURCE: Kanbay International, Inc. CONTACT: Megan Grabos of Kanbay, +1-312-861-4710, or ; or Sean Jackson of Kognitio, +44-1344-788634, or ; or Tony Patrick of Chameleon PR, +44-20-7680-5500, or Web site: http://www.kanbay.com/ http://www.kognitio.com/

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