Dubai - 20 November 2009 - Religare Technova Global Solutions (RTGS), a leading provider of software solutions to the global capital markets, today announced the opening of a new branch office in the burgeoning Middle East market.

With a push from the Middle East market for more sophisticated trading and processing solutions, added to the region's growing interest from investors abroad, establishing an office in Dubai is a natural progression, "We've recently experienced significant interest in our products, therefore the timing is now right to show our commitment to the region with the establishment of a base in the financial hub of the Middle East," said Colin Camp, Managing Director - Asia/Europe.

Along with the new office is the appointment of Hossam Kobaisi to the role of Regional Sales Manager - Middle East. Hossam has extensive experience in business development and solution sales in the financial services sector, working with major banks and financial institutions in the GCC region and North Africa. Hossam commented, "I am very excited about the opportunity that RTGS has to bring its products into this region. I am very impressed with the quality of product and ambition of the company, and look forward to helping the company establish themselves as a leader in the provision of IT solutions in the region".

"We are very excited about the Middle East becoming a key market for us over the next few years. This move represents the next step in the global expansion of RTGS and further solidifies our commitment to bringing highly reputable technology solutions to the global Capital Markets," said Ralph Horne, Chief Executive Officer.

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About Religare Technova Global Solutions Limited (RTGS)
RTGS is a part of Religare Technova Limited, the holding company for the IT business of a large diversified Indian transnational business group. The group pursues aggressive business interests globally in Financial Services (Religare Enterprises), Health Care (Fortis HealthCare), Wellness (Religare Wellness, formerly Fortis HealthWorld), Diagnostics (Super Religare Laboratories, formerly SRL Ranbaxy) and Aviation and Travel (Religare Voyages).

The offerings of the company are divided into Products and Services. The Religare Technova umbrella includes Religare Technova Global Solutions Limited (formerly Asian CERC Information Technology Ltd) and Religare Technova Global Solutions Pty Ltd (formerly Capital Market Solutions Pty Ltd), global leaders in providing Enterprise Software Solutions to the Capital and Financial markets. The IT Services brand Religare Technologies includes Religare Technova IT Services Limited, which provides Enterprise IT Solutions and Religare Technova Business Intellect Ltd, which provides Knowledge Management Solutions.

Religare Technova Global Solutions' domain expertise coupled with the ability to constantly innovate for a changing technology landscape enables it to provide market-leading software, services and solutions to the global financial markets.

With global presence in over 10 countries, Religare Technova is poised to be a leader in global IT and Software Solutions.
 
Press Contacts
Subhrangshu Neogi
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Email: subhrangshu.neogi@religaretechnova,com

Varun Soni
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Harnoor Channi-Tiwary
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Danielle De Amicis
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Email: danielle.deamicis@religaretechnova.com.au

© Press Release 2009