Ma Foi ties up with Calsoft to strengthen its IT arm

Chennai, Sep 6 2007- India’s largest Staffing and HR services provider, Ma Foi Management Consultants Ltd. today announced a strategic alliance betweenMinVesta(the IT arm of Ma Foi) andCalifornia Software Co. Ltd. (Calsoft). Through this alliance, Calsoft will deliver Microsoft Dynamics product suite based solutions to MinVesta and its customers. This alliance through mutual referrals is expected to bring in additional revenues and market share for both organizations.

Mr. K Pandia Rajan, MD, Ma Foi Management Consultants Ltd, said “MinVesta and Calsoft will utilize each other’s capabilities to provide end to end solutions to their clients, hence increasing market share/revenue for both the organizations”.

“The Vedior Group has its presence through 257 companies in 50 countries worldwide and through this alliance we look forward to leverage Ma Foi’s knowledge and expertise in IT & HR practices and the Microsoft Dynamics capabilities of Calsoft. MinVesta products like the Minerva-HR Suite and Minerva-Flexi suite consisting of discrete products for automating Human Resource functions and staffing functions, which are currently being deployed in large enterprises across UK, Australia, and India, will give the clients of Calsoft specialized HR software products to effectively handle their human capital management requirements. This relationship will also create an interface for the Vedior Operating Companies to utilize the expertise of Calsoft in the Microsoft Dynamics products and services” he added.

Dr. J. K. NairCOO, Calsoft said, “We are happy to be associated with Ma Foi and confident that the alliance will provide significant value-addition to our customers and be mutually rewarding.”

Dr Nair added that “the Microsoft Dynamics practice of Calsoft has established an impressive customer base globally over the past couple of years. The partnership with MinVesta will enable us to build on this and further enhance our position as a leading international Microsoft Dynamics Gold partner.”

About Ma Foi

Ma Foi is a 15-year-old public limited company. Having started in 1992 at Chennai with a focus on recruitment services, Ma Foi has grown to become the largest HR services provider in India. Ma Foi is committed to offer people and people related services, enhancing the net worth of human capital. Currently Ma Foi has a presence in 12 countries worldwide, operating through 99 offices in India, the UAE, UK, Singapore, Sri Lanka, Malaysia, Oman, Bahrain, Thailand, Hong Kong, the US and China and has over 1668 clients, including 204 Fortune 500 Companies. Ma Foi had posted revenue of Rs.328 Crores for the year ending 2006.For further details on Ma Foi, visit:www.mafoi.com

About California Software Ltd.

California Software Company Ltd (Calsoft) is a public limited company in India with a global presence. Its development practices are certified at CMMi Level 5. Founded in 1992, Calsoft group including subsidiaries currently employs over 900 employees. The group has development centers in Chennai, ,Bangalore and Mysore in India and Pleasanton, Alameda and Boston in USA and London. Calsoft group has marketing offices in the US, UK, Singapore, Japan, China, Taiwan, Dubai, Hong Kong, Copenhagen and in India. Calsoft is listed in India at NSE (cali.ns) and BSE (532386).For more information on Calsoft visitwww.calsoftgroup.com

For further details,

N Anita

Manager - Corporate Communications
Ph: +91 44 4282 9000

anitan@calsoftgroup.com