Hyderabad, January 08, 2019: Cambridge Technology Enterprises Limited (NSE: CTE; BSE: 532801), a leading global technology company focused on Artificial Intelligence as a Service (AIaaS) to transform organizations into AI-first leaders, today announced that it has been awarded ISO/IEC 20000-1:2011 certification in recognition of its IT service management excellence for Hyderabad and Bangalore locations in India.
Over the last three years, the company has achieved tremendous success in building its foundation with 2.5x growth in employee strength, certified workforce, strong partnerships and working with marquee clients who are leaders in their verticals. The consolidated revenues of the company has grown by more than 3 times from INR 32 cr in FY15 to INR 99 cr in FY18.
Attainment of this ISO/IEC 20000-1:2011 certification validates that Cambridge Technology (CT) meets internationals standards for IT Service Management Systems. Through this certification, CT has demonstrated it has the controls and procedures in place to consistently deliver cost effective, quality IT service to its customers. This certification is a step forward for the company to drive best-in-class operational efficiency and its commitment to service excellence.
The certification demonstrates a clear commitment to exceptional quality IT professional services to CT’s customers. The practices have been validated through third party certification of its commitment to continuous improvement.
ISO/IEC 20000-1:2011 is a service management system (SMS) standard. It specifies requirements for the service provider to plan, establish, implement, operate, monitor, review, maintain and improve an SMS. The requirements include the design, transition, delivery and improvement of services to fulfil agreed service requirements.
“Cambridge Technology is focused on delivering the highest standards of IT services to its customers and the ISO/IEC 20000-1:2011 certification substantiates our ability to deliver the highest level of service management to customers using efficient processes,” said Aashish Kalra, Chairman at Cambridge Technology.
Cambridge Technology (CT) is a leading global technology company transforming organizations into AIfirst leaders. CT is enabling its customers to create AI solutions that transform their businesses; by helping solve the world’s complex and most interesting business challenges with AI. CT gives organizations unparalleled access to cutting-edge technology by bringing together the best-in-industry using its years of expertise in building solutions for some of the world’s largest and most innovative enterprises; leveraging Big Data, Cloud & Machine Learning experience. CT’s products and services address all the transformational AI needs of an organization — from strategic workshops to implementation of transformative business solutions through its AI as a Service (AIaaS). CT’s expertise across multiple domains makes it the preferred choice for organizations seeking an AI Partner to innovate and leapfrog the market. CT is assessed at Maturity Level 5 for CMMI v1.3 with ISO 2 27001:2013, ISO/IEC 20000-1:2011 certification. For more information, visit www.www.ctepl.com or follow @cam_technology on twitter.
Certain statements in this press release may contain statements concerning our future growth prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this press release. The Company assumes no obligation to update any forward-looking information contained in this press release. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Company and the Company is not responsible for such third party statements and projections.