Hyderabad, India, March 24, 2005 — Cambridge Technology Enterprises (CTE), a system integrator; which focuses on building and integrating business applications for broad transformation needs of energy & utilities and life-sciences & healthcare sectors; today announced that it has been appraised at Level 5 of the Capability Maturity Model Integration (CMMI) of the Software Engineering Institute (SEI), at Carnegie Mellon University, Pittsburgh, PA. SEI CMMI is the industry standard process framework for appraising software development processes. CMMI Level 5 is the highest process maturity standard for the software industry.

CMMI is an internationally recognized and acclaimed framework for appraising and improving software development capabilities. Its emphasis on quantitative and statistical methods makes it a comprehensive model both at the organizational level as well as in the actual implementation of projects.

CTE had started its process improvement journey in September 2002 and was assessed at SEI CMM Level 4 in December 2003. Senior members from KPMG software process consulting and staff members from CTE carried out the appraisal.

“CTE’s CMMI Level 5 appraisal reinforces the value of our collaborative global delivery model and ability to integrate cross-border program management to improve our client’s business processes. Process maturity is key to ensuring predictability of software solutions - higher the maturity the more the assurance to our customers that we will continuously optimize our processes to deliver the highest quality services and efficient solutions." Stated Bhaskar Panigrahi, CEO – Cambridge Technology Enterprises, Inc.

Expressing satisfaction over the CMMI Level 5 appraisal, Mr. G P Rastogi, Lead Appraiser, KPMG, said, “CTE’s commitment towards continuously improving its processes and systems is extremely commendable and it has been an enriching experience to be associated with such a vibrant company. CTE has greatly progressed beyond the CMM Level 4 processes. The CMMI Level 5 maturity indeed is a milestone in the history of CTE - something that the management and staff should be proud of.”

“CTE has consistently demonstrated organization-wide process maturity. CMMI is more exhaustive and stringent as compared to CMM. CMMI Level 5, which indicates a very high level of process maturity, has been attained by around 50 software companies in the world. Today we are proud to join the elite group of companies worldwide, which have achieved this level of capability maturity. For our customers, CMMI Level 5 process maturity would mean measurable and consistent value through shared business goals, defect free, on-time delivery with improved efficiency and effectiveness. We have already formally initiated the CMMI processes at our Cambridge office and are optimistic about achieving this goal in the next 12 months.” says R. Srinivasa Reddy, Vice President, Quality.

The Software Engineering Institute's Capability Maturity Model identifies levels of maturity for a software organization. This model consists of 5 Levels: Level 1-Initial, Level 2-Managed, Level 3-Defined, Level 4-Quantitatively Managed, and Level 5-Optimizing. Organizations at Level 5 are highly mature-they systematically use measurement and analyses to improve processes.


About the Software Engineering Institute
The Software Engineering Institute (SEI) is a federally funded research and development center established in 1984 by the US Department of Defense with a broad charter to help others make measured improvements in their software engineering capabilities. The SEI is an integral component of Carnegie Mellon University and is sponsored by the Office of the Under Secretary of Defense for Acquisition and Technology (OUSD [A&T]). CMMI® is registered in the U.S. Patent & Trademark Office by Carnegie Mellon University. For more information on SEI-CMMI visit their website at www.sei.cmu.edu/cmmi


About Cambridge Technology Enterprises Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business lifecycle solutions provider, has a focus on building and integrating business applications. CTE’s core competency lies in its collaborative delivery model, a solution delivery approach that aligns business, technical, and user stakeholders; includes partner technologies and services as necessary; and delivers end-to-end solutions on a fixed price and fixed time frame basis.

CTE’s business model is based on a global delivery model foundation, which stays close to the customer and yet optimizes the value of the solution offered.

For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com.