CTE Press Releases

Cambridge Technology Enterprises Limited (CTE) ranked 11th in the Deloitte’s Technology Fast 50, India

Hyderabad, December 15, 2008: Cambridge Technology Enterprises Limited (CTE), a global IT services provider a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises and mid size business units of Global 2000 enterprises, today announced that it has been ranked 11th in the Deloitte’s prestigious Technology Fast 50 Program for India, which is a listing of the 50 fastest growing technology companies in India by Deloitte Touche Tomatsu , one of the nation’s leading professional services firms.

Now in its fourth year, the Deloitte Technology Fast 50 India program was initiated in 2005 by Deloitte Touche Tohmatsu in line with the regional programs in other parts of the globe (Asia Pacific, Europe and North America) to recognize the effort and dedication of fast growing technology companies in India based on percentage revenue growth over the last three financial years. (FY 2006 to FY2008)

Cambridge Technology Enterprises Limited’s (CTE) growth in revenues of 513.15 percent from FY 2006 to FY 2008 resulted in a ranking of 11th in the Fast 50 for India. Winners of the India Technology Fast 50 programs are automatically entered in the Deloitte Technology Fast 500 program, which ranks Asia Pacific’s top 500 fastest growing technology companies consisting of Australia, China (includes Hong Kong), India, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, Thailand and Taiwan. CTE is ranked 101 in the Deloitte Technology Fast 500 Asia Pacific Program.

This year Cambridge Technology Enterprises was among the Top 3 companies in the “Emerging India Awards” jointly organized by CNBC and ICICI and was the third fastest growing technology companies in a survey by Data Quest.

Bhaskar Panigrahi, CEO and Chairman of Cambridge Technology Enterprises Limited, said “We are proud to be one among the elite group of Deloitte Technology Fast 50. This would not have been possible without the constant support of our employees, customers and all the stake holders. I thank all of them for their commitment and contribution to our success. We look forward to making continued contribution to the industry through our innovative service offering”