KBAY Kanbay International (MM)

Prestigious recognition reflects company's growth from innovative solutions ROSEMONT, Ill., Nov. 14 /PRNewswire-FirstCall/ -- Kanbay International, Inc., a global management consulting, technology integration and development, and outsourcing firm, today announced that American Banker and the research firm Financial Insights have named Kanbay to the FinTech 100, an annual listing of the top vertical technology vendors from around the globe that derive more than one-third of their revenue from the financial services industry. "This award speaks volumes about Kanbay's leading presence in the U.S. financial services market," said Raymond J. Spencer, Chief Executive Officer of Kanbay. "Continued industry recognition is providing Kanbay with the opportunity to expand and contribute to the market in new ways. With more than 6,900 associates worldwide contributing to a culture that prides itself on providing clients with the highest standards of excellence in service, support and technology, it's an honor for Kanbay to be recognized and to share this award with the entire Kanbay community." Kanbay is ranked 47th on the list, which used global revenue as a key factor in determining rankings. The ranking and criteria attest to the company's stability and the importance of its offerings to the industry. This is Kanbay's third top-50 appearance on the list, which was first released in 2004. Over the past year, Kanbay has acquired an ambitious pipeline of new business opportunities through new relationships with a variety of well- respected companies and the acquisition of privately-held Adjoined Consulting, Inc. Kanbay is experiencing rapid growth in its business, as reflected by its ranking of third on the list of fastest growing public firms in Chicago by Crain's Chicago Business. On October 26, 2006, Kanbay announced that it has signed a definitive agreement to be acquired by Capgemini, Europe's largest IT consultancy firm, for $29 per share in cash, subject to Kanbay shareholder and regulatory approval. Please visit http://www.financial-insights.com/FI/services/fintech100.jsp for more information about the FinTech 100 rankings. About Kanbay International, Inc. Founded in 1989, Kanbay International, Inc. (NASDAQ:KBAY) is a global IT services firm with approximately 6,900 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 and Melbourne. Further information about Kanbay can be found at http://www.kanbay.com/ . Forward-Looking Statements This release contains 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 Form 10-Q for the quarterly period ending March 31st 2006. DATASOURCE: Kanbay International, Inc. CONTACT: Megan Grabos for Kanbay, +1-312-861-4710, Web site: http://www.kanbay.com/

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